@ben_mathes @cdixon @naval @felicisventures "just 2 companies, "Dropbox & Airbnb account for about 3/4s of" return. http://www.paulgraham.com/swan.htm
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@paulg@ben_mathes@cdixon@naval@felicisventures Presumably more invested. What does a graph of the distribution of returns look like? -
@trengriffin addition of Stripe has made a large impact, those 3 (of 700+) now abt 4/5ths (based on guess, correct me if I'm wrong,@paulg). -
@trengriffin important point that@paulg makes is incubation time.. there probably are a few more 1B+ companies that just aren't there yet.
End of conversation
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