This is sort of tangential to the main discussion. That said, I thought that strategy wasnt "optimizing" for black swans (as in trying to find specific investments where a black swan event is likely) so much as…
In view of your comment I regret using the term institutional, I think that really means much larger investors. A quick Wikipedia check shows that technically venture is actually a subset of private equity. What I…
That wasn't how I read the black swan farming piece. From what I remember he pointed out how total returns for the fund are dominated by the black swans. Then he discussed what yc would (theoretically) look like if they…
This is breathless nonsense. What is Dave trying to say? The only thing I gathered from this is that in his mind 500 startups can't attract or afford the most sought after yc companies and founders and.. That's ok,…
This is sort of tangential to the main discussion. That said, I thought that strategy wasnt "optimizing" for black swans (as in trying to find specific investments where a black swan event is likely) so much as…
In view of your comment I regret using the term institutional, I think that really means much larger investors. A quick Wikipedia check shows that technically venture is actually a subset of private equity. What I…
That wasn't how I read the black swan farming piece. From what I remember he pointed out how total returns for the fund are dominated by the black swans. Then he discussed what yc would (theoretically) look like if they…
This is breathless nonsense. What is Dave trying to say? The only thing I gathered from this is that in his mind 500 startups can't attract or afford the most sought after yc companies and founders and.. That's ok,…