VC’s and survivorship bias
Survivorship bias is everywhere in all human endeavour – politics, economy, war, love, business etc
In VC it manifests in the ‘home run’ / ‘picking genius’ story
“’The thesis was ___________ and look at what happened”.
Read anything by Nicolas taleb and you’ll start wondering if we are all, at least in part, ‘fooled by randomness’.
What happens to the majority of companies that just did ok. Or didn’t make it?
It’s a Darwinian jungle out there folks :)