Tutorials
this makes sense all else held equal, concentrated fund = less risky bets we've found that 36 companies is the max number of companies we ca…
this makes sense all else held equal, concentrated fund = less risky bets we've found that 36 companies is the max number of companies we can fit into a fund while claiming that a single company at 1B
this makes sense all else held equal, concentrated fund = less risky bets we've found that 36 companies is the max number of companies we can fit into a fund while claiming that a single company at 1B exit can return 1x net this is structured to match our our strategy of investing at the riskiest level, pre-seed sub $10m val i'm not saying it's the best strategy during every vintage but it's a very important part of the ecosystem, and we're here to make sure it thrives What a lot of the "diversified vs concentrated" debate misses is that there is a natural market equilibrium. There's obviously alpha in heavily concentrated funds that are hands-on with portfolio companies. This leans more into an operational discipline. ...but they are structura…
Related
- The founder of a $4B inference company says that if you're building agents, foundational models could become your IP. According to @lqiao, 9…
- An AI cow collar just created a billion-dollar company. Farmers draw boundaries on a phone app, and the collars guide cows using sound and v…
- Can Small Training Runs Reliably Guide Data Curation? Rethinking Proxy-Model Practice
Source: Yohei Nakajima (X) | 2026-04-16