Paul Graham on Start-ups, Innovation, and Creativity
EconTalk
00:00
How We Are Using Mass Production Techniques to Venture Funding
A venture capital fund will invest on the order of one or two million at a time. Incubator invests $20,000 and might invest in 50 or 60 startups in a year with just four partners. So 15 deals per partner, seven times the volume and 100th the amount. What's the likely success rate? You know, we don't know.
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