334. A Decade at Costanoa, Where Large Multistage Funds Fail Founders, Denominator v. Numerator Effects, and Tips on Startup Selection (Greg Sands)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
00:00
Denominator vs. numerator effects explained
Greg clarifies denominator effect and highlights 2021's numerator-driven endowment gains from venture returns.
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Transcript
