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December 2, 2018 02:00 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4duLXaCT1os/
Welcome to the stochastic age
In 1990, Kleiner Perkins rejected 99.4% of the proposals it received, while investing in 12 new companies a year. Those investees made Kleiner Perkins “the most successful financial institution in the history of the world,” boasting “returns of about 40 percent per year, compounded, for coming up on thirty years.” Nowadays, the Valley’s VC poster […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4duLXaCT1os/
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