Investor Stories 460: The Math Behind Venture Returns, When Sizing Matters More Than Selection, and Growth Over Discounts (Wallach, Okike, Banks)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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Winners Are Hard to Predict
D.A. Wallach emphasizes unpredictability of winners and the need to size investments to cover losers.
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Transcript
