Vote to see vote counts
Venture capital is not about dollar-cost averaging because the upside of a successful investment is so great that it can cover many losses.
In my opinion, investing in venture is a return-free risk. More money doesn't create more great ideas or founders.
The venture capital ecosystem can be flattened by fear during downturns, making the idea of starting a company seem ludicrous, which can stifle innovation.
The danger in venture capital is not investing too cheaply or too dearly, but stopping investments altogether.
The venture industry needs transparency, but nobody wants to publish their returns. People hide behind the J. Curve effect.