Venture portfolio construction and the factors impacting optimal strategy

Over the last few months, we’ve been analysing data and reasoning about the optimal early-stage venture portfolio construction strategy, running nearly a trillion simulations in the process.

Today, we’re sharing our whitepaper on the research. We explain how we modelled and ran the simulations, go step by step through the various factors that affect portfolio performance, and analyse the results. Read it on arXiv.

And you can use it alongside our Portfolio Simulator, to see how the different parameters we discuss in the paper jointly affect returns.

We hope you enjoy it – and let us know what you think!

If you missed them, catch up with the key findings from our research and some of the most interesting discussions it generated.