Concept: The Holy Grail of Venture Capital

Introduced by Patrick Chung, Partner at X-Fund. Can we predict what startup founders will be successful? There is almost unlimited data about the backgrounds of successful company founders — and about unsuccessful company founders. Many VC firms have tried — and none have yet succeeded — to increase their batting averages in picking successful founders. Yet in other contexts, like sports and entertainment talent scouts, success rates seem higher. What accounts for this difference? Making VCs just a little bit more accurate would give them an incredible edge in a lucrative market. This would be the holy grail of VC.

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