venturecapital

The really weird part about VC is that the feedback cycles are so long that people can build up reputation as being a popular or even good VC without actually having made any investments that return capital for the fund

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

takes a decade plus and $200m+ to really even begin to understand whether one is any good at venture imo

difference being good (lucky generated by doing the right things) vs. purely lucky (luck despite doing everything wrong). hard to differentiate at times unless you draw out the time horizons.