5min chapter

My First Million cover image

#105 with Avlok Kohli and Xavier Helgesen - Leading AngelList Ventures and Buying Businesses Like Berkshire Hathaway

My First Million

CHAPTER

What's the Average Case in Early Stage Ventures?

Early stage venture is just an explosion. And start up just an ama, and they're amazing companies that thei'r starting. If you take any unicorn or decicorn out of any venture fund's portfolio, the returns are completely negative. The rest of them will likely either go to zero, or they'll just be a zomby company ad that. A which is why, again, as in l p, you actually shouldn't do deal picking.

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