The New Shiny Thing Syndrome in Venture Capital

The hit rate to become a billion dollar company is 0.1% and being part of a startup studio makes it 0.3%. It's really hard to identify what's actually working like if you're doing startups as an output, he says. "There's no there's no obvious pattern of what works" The new shiny thing syndrome is very real here, right? I think the Sutter Hill guys are pretty close to it now that they've kind of gotten rid of LPs and mostly their money into closed loops.