What is the math behind startup investing? Do you really have to find a unicorn in order to win big? Dave McClure placed a few early bets and got very good return as an angel investor, but when it came time to grow 500 Startups, they had to fund a lot more startups just to make sure they also found the unicorns. The math behind being a VC and being an angel investor is not the same, and Dave explains why.
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