Security is the real risk here, claiming that power law returns passively encompass the performance drivers of a venture portfolio.
Volatility is not the enemy; it is the fuel that allows upside potential to be scaled.
In Canada, regulatory stability and access to the North American market enable exploiting ticket sizes and follow-up policies, actively reshaping return distributions beyond mere statistical observation.
Not activating these levers means ignoring the capacity to create value asymmetry, for example by participating in later funding rounds in tech companies that exceeded initial expectations, rather than relying solely on a statistical view.
One should leverage volatility to maximize gains.