It is, but the corollary to that is that nobody knew ahead of time which companies where going to be the $1B and up companies and which were duds, also-rans or simply solid small to mid sized businesses.
No investor ever invested in a billion dollar start-up to be knowing that start-up was going to be a billion dollar company one day.
So those stats are based on one thing only: survivor bias and each and every investor will have to be satisfied with investing in what they believe to be solid performers with potential upside.
No investor ever invested in a billion dollar start-up to be knowing that start-up was going to be a billion dollar company one day.
So those stats are based on one thing only: survivor bias and each and every investor will have to be satisfied with investing in what they believe to be solid performers with potential upside.