I don’t think the argument that there are a lot of VC firms that don’t get good returns suggest that centralization into one VC firm would be good.
There are different successful VC firms that have different preferences in how to invest.
Having one central hub of decision making is essentially the model used in the Soviet Union. I don’t think that’s a good model.
Decentral decision making usually beats central planning with one single decision making authority in domain with a lot of spread out information.
I don’t think the argument that there are a lot of VC firms that don’t get good returns suggest that centralization into one VC firm would be good. There are different successful VC firms that have different preferences in how to invest.
Having one central hub of decision making is essentially the model used in the Soviet Union. I don’t think that’s a good model.
Decentral decision making usually beats central planning with one single decision making authority in domain with a lot of spread out information.