Venture exposure and venture returns are hardly the same sport: - The top 1% of VC investors account for 57% of the industry's net profits - The top 5% take 90%, and the other 95% split what's left Full piece from a16z's @jkhamehl on the power law that runs through the funds: https://a16z.news/p/catching-the-venture…

@3h ago

Catching the (Venture) Bus The brain of a venture capitalist can be succinctly summarized as: In venture, no one talks about the mistakes of commission: investing in companies that didn’t return as promised. There’s no