HITTING ONCE, HITTING OFTEN: THE ANATOMY OF A GREAT VC CAREER

Summary from the TLDR Founders newsletter

A comprehensive dataset shows that around 38% of VC professionals have at least one successful investment, but only 3% hit ten or more successful ventures. Success correlates with skill, not luck, as the top 1% of VCs account for over half of all net profits in the industry. This concentration of success suggests that a few individuals drive most of the economic impact in venture capital.