cousin_it comments on Who Wants To Start An Important Startup? - Less Wrong

41 Post author: ShannonFriedman 16 August 2012 08:02PM

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Comment author: cousin_it 15 August 2012 03:25:38AM *  4 points [-]

I don't understand your calculation. Even the best VC funds probably make some losing investments, so to achieve an overall return of 8x, the winning startups must yield more than that.

Comment author: gwern 15 August 2012 03:32:22AM 3 points [-]

I did say it doesn't make a whole lot of sense to me.