1. The top 3% seed-stage investors are killing it.
2. This seems to be engineered for the bottom 90% of investors. To squeeze out some yield. But venture capital is ruled by the power law.
3. Forcing seed stage tech founders to think about this complexity makes no sense.
1. The top 3% seed-stage investors are killing it. 2. This seems to be engineered for the bottom 90% of investors. To squeeze out some yield. But venture capital is ruled by the power law. 3. Forcing seed stage tech founders to think about this complexity makes no sense.