WHY PEOPLE DON’T SEE THE POWER LAW?
KITSAP/BUSINESS—Why would professional VCs, of all people, fail to see the power law? For one thing, it only becomes apparent over time, and even technology investors too often live in the present. Imagine a firm invests in 10 companies with the potential to become monopolies—already an unusually disciplined portfolio. Those companies will look very similar […]
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