Is There a Power Law in Venture Capital?

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If you believe that the returns are distributed in a power law. Well, I can see another reason why a small portfolio could be a big advantage if an investor specializes. So it's how much do you want to spread around your time and your ability to help? How muchDo you want to concentrate it? This is a part of venture capital that I think is right for further discussion that has some implications.

How can we better make decisions under uncertainty? What are some of the different ways of being uncertain? What are some powerful venture patterns? How can founders and venture capitalists reduce risk in their startups and portfolios? What is the nature of innovation? How can investing be used to do good in the world?

Miles Lasater has started 3 companies, 2 nonprofits, and 1 family with 4 kids. He has been a founder, VC, angel investor, business school professor, board member, donor, improv comedian, and dancer. He currently is Founding Partner of Purpose Built Ventures and serves on the board of tech nonprofit Curious Learning. Miles also hosts a podcast called Startups for Good (which you can also follow on Twitter at @startups4good). Find out more at mileslasater.com.

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