Where is the most rewarding expression? The idea that power law returns are just a subcategory of performance factors in venture capital is a dangerous underestimation.
It is the fundamental framework that governs performance, not just a factor among others, and safety is the real risk here.
Asymmetric returns are not just factors, but phenomena that we must actively seek and exploit to maximize potential.
A quality decision or an upper limit of ROI is meaningful only if it allows capturing this asymmetry of gains, like an opportunistic investment in a major technological platform in Asia.