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by paulpauper·10y ago·view on hn ↗
A VC fund averages slightly better than the market, suggesting possible inefficiencies
1 comments
But VC funds take on significantly more risk than a broad market, long-only index fund. So VCs need to yield a proportionately higher return, if we're comparing apples to apples.

https://en.wikipedia.org/wiki/Sharpe_ratio