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Hey I am on Medial • 5m

This concentration is actually normal in venture portfolios, but people misinterpret what it means. The 'power law' distribution isn't a bug, it's a feature. What's interesting isn't that 4 companies make up half the value - it's that YC managed to get into ALL of them. Look at other accelerators from the same era: TechStars, 500 Startups, etc. None of them hit the same rate of mega-outcomes.

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