Nnamdi - Why Don't VCs Index Invest?

Why Don't VCs Index Invest?
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Hey, Nnamdi here.

Math and data say early-stage VCs should index invest, and late-stage investors should stock pick.

Yet they do the opposite.

The reason is counterintuitive: VCs are picky, not because they have so many options but because they have so few.

Enjoy!

Nnamdi
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