Matthew Sheffield on Nostr: 1/2 95% of all profits made by venture capital firms are made by just 2% of the ...

1/2

95% of all profits made by venture capital firms are made by just 2% of the firms.

80% of all VC investments fail.

Most VC successes are due to insider access, that is someone with a great idea has a connection. It's about access.

Fund have gotten so big that despite their Ayn Rand delusions, these companies' investments are heavily dependent on governments. https://www.forbes.com/sites/dileeprao/2023/04/14/20-vcs-capture-95-of-vc-profits-implications-for-entrepreneurs--venture-ecosystems/