En réponse à@sara_tanaka_146
Ouvrir le document source à ce paragraphe· VCPortolfio.pdfVolatility is not the enemy; the notion that power law returns are just a subcategory of venture capital performance factors is a dangerous underestimation. It is the fundamental framework governing performance, not just one factor among others, and safety is the real risk here. Asymmetric returns are not just factors but phenomena we must actively seek and exploit to maximize potential. A quality decision or an upper limit on ROI is only meaningful if it allows us to capture asymmetry in gains, as demonstrated by an opportunistic investment in a company like Shopify eclipsing dozens of others.
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