The venture capital community's belief in power laws and increasing returns has made investors systematically more willing to invest on the come and take on larger risks, expecting that winner-take-most dynamics will eventually justify massive early losses.
causalpending
Speaker
Bill GurleyEvidence Quote
“the investor community writ large has slowly become aware of and believes it strongly in increasing returns and power laws. And so over time, if they all believe that, they're going to be more willing to invest on the come and take risk.”
Created: 8/10/2026, 11:24:43 PM
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