38% of unicorns among top-10 doesn't seem that high for me, surprisingly low actually.
a) some of these funds are late stage -> higher likelihood to pick unicorn, or you even create it
b) some of these funds are structured to see almost every possible deal (e.g. Sequoia, a16z) > means they miss 2/3 of the best deals they see
What am I not seeing?
a) some of these funds are late stage -> higher likelihood to pick unicorn, or you even create it
b) some of these funds are structured to see almost every possible deal (e.g. Sequoia, a16z) > means they miss 2/3 of the best deals they see
What am I not seeing?
