Why startups are hard -- the math of venture capital returns tells the story - andrewchen

Over the past few decades, a small number of startups — 6% — end up driving 60% of the returns.

“Dear readers, I’m happy to announce I’ve completed my first year in my new role at a16z, and it’s been a blast! I will write more about it coming up, but in the meantime, it’s very timely that my colleague Scott Kupor has written a new book, Secrets of Sand Hill Road, with the fun …