Optionality in venture funds
postcardsfromistanbul.substack.com
Optionality in venture funds
You might be wondering why VC firms don’t focus on lower-risk, lower-return companies. Instead of looking for a rare 10x, why not look for ten, 3x deals with more certainty? That idea is interesting in theory, but startups die for a million different reasons—co-founder conflict, founder loss of interest, departure of a co-founder, losing a key cust
... See more