Allen Lau
In previous blog posts (here and here), I’ve delved into the mathematical model for constructing an early-stage VC portfolio designed to achieve outsized returns. In short, investing early to build a concentrated portfolio of fewer than 20 moonshot companies, each with the potential for 100x...
Allen Lau
TLDR – 20 companies in a VC portfolio is the optimal balance between risk and reward, offering a very high chance of hitting outsized returns without significant risk of losing money. This is exactly the approach we follow at Two Small Fish Ventures, as we keep our per-fund portfolio size limited...
Allen Lau
There’s an old saying that goes, “Know the rules of the game, and you’ll play better than anyone else.” Let’s take baseball as our example. Aiming for a home run often means accepting a higher number of strikeouts. Consider the legendary Babe Ruth: he was a leader in both home runs and strikeouts,...