On Twitter, Robin Hanson asked a question yesterday I have given a lot of thought to, which is why the bigger venture capital firms dominate the market and make oversize profits while the other firms taken together make almost no profits. Most industries do not work that way, so this requires explanation. I attempted to explain my view on Twitter, but was largely unsuccessful.
In a world... of venture capital
In a world... of venture capital
In a world... of venture capital
On Twitter, Robin Hanson asked a question yesterday I have given a lot of thought to, which is why the bigger venture capital firms dominate the market and make oversize profits while the other firms taken together make almost no profits. Most industries do not work that way, so this requires explanation. I attempted to explain my view on Twitter, but was largely unsuccessful.