I had German early stage 6 funds from 4 GPs in the analysis. A lot of the macroeconomic data I was able to derive from Schwienbacher (also quoted in the text) – who did a much more sophisticated approach but mostly focussed on the US market.
thanks for your remark – you are indeed right. I believe that 95% of business models can be highly profitable but are not a VC case (I wrote an individual article on this: https://medium.com/capnamic-ventures/homerun-dependancy-the-early-stage-venture-capital-fund-model-3d328119b212). Scalability to me is a…
Thanks for your response. I would be surprised if things would be 100% different today. Yet, I believe that there are not many funds in the market today realizing the 1/3–1/3–1/3 portfolio distribution that Wilson describes in his article. I believe it is a little stronger in terms of how high homeruns have to be and how large the loss maker and neutral share in the portfolios is.