Analogies v.3 — what do VCs, book publishers and movie producers have in common — cut losses, double down on winners
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VC investment business model is similar to the book publishing and movie industries — it is dominated by betting on “blockbusters”
and the power law. A few stars in the portfolio will create the vast majority of your returns, while the rest of the portfolio loses money.
Read More: https://yrjo.medium.com/analogies-v-3-f0a6f607030e
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