Adequacy is not sufficient; focusing solely on power law as a framework for venture capital returns ignores active performance levers. The quality of decisions and the return ceiling are not just factors within a distribution but the primary drivers we can optimize. In Hong Kong, where capital flows and international arbitrage are key, due diligence and smart transaction structuring are essential to reach the performance peak. For example, well-negotiated liquidity clauses for exits via HKEX can turn ordinary returns into exceptional returns.