White Hat / Black Hat

Perspectives on tech entrepreneurship and venture capital


I recently came across a good article by Jonathan Friedman at LionBird about why VCs pass on ‘good’ companies.  The gist of it is that the VC model is based on slugging percentage, not batting average (i.e. a few big hits carry the returns while the rest can essentially fail).  Accordingly, leaders of ‘good’ companies… Read More