podcast 
, 
, 
, runner. meditating vegetarian 
. 
I think I am just going to direct everyone to the working paper here before meaningless debates ensue: https://www.hbs.edu/faculty/Publication%20Files/17-065_6cccf406-042e-4aa6-bf9a-fb3aba945e77.pdf …
Show this thread
Luck and Reputation Matter in Venture Capital. Skill Doesn’t. Harvard and Yale researchers find that VCs’ abilities to pick investments and nurture start-ups “play little role if any” in long-term outperformance.https://www.institutionalinvestor.com/article/b19lntp65ndv8c/Luck-and-Reputation-Matter-in-Venture-Capital-Skill-Doesn-t …
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I have so many questions about the methodology and how they can draw conclusions around causation...
-
Well you are in luck, I just located the (working) paper: https://www.hbs.edu/faculty/Publication%20Files/17-065_6cccf406-042e-4aa6-bf9a-fb3aba945e77.pdf …
End of conversation
New conversation -
-
-
@timheasley and@artesianvc in 3... 2... 1... -
- 1 more reply
New conversation -
-
-
VCs are stuck in the trap of the market for insufficient information, a cousin of the markets for asymmetric information. This is necessarily so because they are betting on the future. In such a situation, the market converges on signals, or consensus over beliefs.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The seminal paper on this topic is Michael Spence, “Job Market Signaling,” Quarterly Journal of Economics, v87 (1973) pp355.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks for the links to the paper
@ruima .Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Isn't luck the most dominant factor in all things ?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.