Re:Picking Winners: A Framework for Venture Capital Investment
by tryitnow on Tuesday June 27, 2017 @01:23PM
(#14647322)
So I briefly scanned this paper.
"The results show that our modeling and portfolio construction method are effective and they provide a quantitative methodology for venture capital investment."
I really can't find evidence for this statement anywhere in the paper.
This paper seems to conflate a prescriptive model with a descriptive model. A prescriptive model would be more focused on the data and less on the formal mathematical model. It would also be actually useful. It looks like they came up with an interesting way to model the portfolio selection problem, but it will simply not provide a "quantitative methodology" for VC investment as they claim. It's perplexing why that sentence was allowed in this paper.
If you are a VC could you extract anything that is useful and non-trivial from this paper? I doubt it.
"The results show that our modeling and portfolio construction method are effective and they provide a quantitative methodology for venture capital investment."
I really can't find evidence for this statement anywhere in the paper.
This paper seems to conflate a prescriptive model with a descriptive model. A prescriptive model would be more focused on the data and less on the formal mathematical model. It would also be actually useful. It looks like they came up with an interesting way to model the portfolio selection problem, but it will simply not provide a "quantitative methodology" for VC investment as they claim. It's perplexing why that sentence was allowed in this paper.
If you are a VC could you extract anything that is useful and non-trivial from this paper? I doubt it.