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A comment on The Anti-Portfolio. Parent comment

Re:The Anti-Portfolio by majewsky on Wednesday October 25, 2017 @04:25AM (#15548379)
> You may as well say "why didn't I pick the correct lotto numbers". The answer is "because you didn't".

Lotto numbers all look the same up front. Startups all look different, so a good VC can be better than a bad VC if they just know which differences to look for.

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Re:The Anti-Portfolio by consz on Wednesday October 25, 2017 @07:41AM (#15549233)
>Startups all look different, so a good VC can be better than a bad VC if they just know which differences to look for.

I don't think this is an obvious claim. There's no strong evidence that VCs are capable of differentiating good startups from bad.

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Re:The Anti-Portfolio by joshuamorton on Wednesday October 25, 2017 @12:20PM (#15551466)
VCs manage to turn a profit?
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Re:The Anti-Portfolio by consz on Wednesday October 25, 2017 @11:33PM (#15556158)
My understanding is VCs (as an industry) fail to beat the S&P500 returns, so no, they don't turn a profit.
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Re:The Anti-Portfolio by ai_ia on Wednesday October 25, 2017 @07:21AM (#15549134)
And thats their job to predict which startup will make the most money or produce most value. In capable of doing shows their weakness, so anti-portfolio is quite relevant IMHO.
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