Depends on the strategy. Venture captialists' strategy involves mostly taking si... | Hacker News

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bunderbunder on Jan 15, 2017 | parent | context | favorite | on: BlackRock's Robot Stock-Pickers Post Record Losses

Depends on the strategy.

Venture captialists' strategy involves mostly taking sizable losses, but with enough breakout successes to still make money in the aggregate.

pdog on Jan 16, 2017 [–]

One. VCs structure their deals so that one breakout success is enough to return the fund. The smart ones never rely on lightning striking more than once.

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