Sublime

Open Corporates, one of the companies being incubated at London’s Open Data Institute, has developed in-depth analyses of corporate structures and mapped those structures to make them visible.

This table reinforces a lesson I've emphasized several times in this book: Investing in early stage, pre-profitable companies is risky, with only a small minority of companies having significantly successful outcomes. And because it's impossible to tell up front exactly which of the companies will be the home run with the 20x return, it means that