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Joseph Perla

@jperla was a mobile tech lead at Facebook. He is an investor in Hitch and Mindie, and he loves the new Julia language. He is currently building a real-time cloud at Terminal.com, @terminalcloud.
Adventures in Venture Capital

Let GitHub Sort Unicorn Investors From the Real Deal

Peter Thiel (Photo via Wikimedia Commons)

Venture capital returns follow the power law, according to Peter Thiel. ┬áHe’s right. Look at your favorite venture capitalist, then look at her exits. You may see many names you know, but start to break down for how much each one sold or how much they are valued. You’ll see just one or two big wins swamp the rest.

Peter Thiel himself made almost all of his startup returns from Facebook, not directly from his years at PayPal. Even the venerable Y Combinator sees almost all future profits deriving from just two companies: AirBnB and DropBox. Read More