The burden of proof is on mega-funds to demonstrate they can pick power law outcomes at a higher hit rate than traditional venture, or they risk merely expanding the 'long tail' of investments, which will dilute overall returns.
normativepending
Speaker
Jammon BallEvidence Quote
“the burden of proof is on the picking of the large funds to say we will pick and hit those power L outcomes but then have a much higher hit rate on the rest”
Source
Ep19. State of Venture, AI Scaling, Elections | BG2 w/ Bill Gurley, Brad Gerstner, & Jamin Ball— Bg2 PodCreated: 8/10/2026, 10:49:01 PM
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