Venture is the Most Forgiving
20VC with Harry Stebbingsยท2025-10-10 05:00
The wonderful thing about venture is it is the most forgiving equity business of getting the price wrong. PE, if you get the price wrong, they're low variance assets. If you overpay by 50%, you're toast cuz they're 3x assets and they're not going to ever be 7x.Same thing in the public markets, right. The great thing about venture, it has maximum variance, which means that it is the most forgiving of getting the price wrong cuz you have exponential growth on your. ...