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Sebastian Mallaby: Venture capital as an engine of courage — #8

Manifold

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Venture Capitalism and the Power Law

In a typical portfolio of, say, ten companies which the venture capitalist has backed, maybe a couple of them are big hits. And then the rest generally don't make any money. To really create a differentiated product that's going to make a lot of money, it probably may help to be a slightly unusual n not a requirement,. but i think it's not crazy.

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