Unsurprisingly, I did some similar analysis 4–7 years ago when were launching our first pre-seed fund. Now up to 675 companies across two funds.
Jeff Miller has done a couple of nice posts on "A Simulation of Angel Investing" here and here. I think it's terrific…rightsidecapital.com
Applied to historical data and looking at whether you’d prefer to be prolific or skilled (as it turns out, one can be both, of course):
I privately received a couple of interesting comments on my diversification post: One of RSCM 's angel advisors wrote,…rightsidecapital.com
And then comparing the reverse cumulative distributions of different portfolio sizes using resamplings of the real data:
In playing with the data from my previous angel diversification posts ( here, here, and here), I developed the best…rightsidecapital.com
We like to say all you have to do to stay ahead of the game in startup investing is steal 30 year old ideas from the public markets :-)