Seeking the Unconventional Accurate Prediction

Bill Gurley outlines the future trends in VC investing via the ever present 2 x 2 matrix (Accurate vs. Inaccurate x Conventional vs. Non-conventional). Of course, we can all agree that inaccurate predictions are worthless. Gurley suggests the Conventional/Accurate predictions are also worth very little. The market prices the high expectations into a marketable security while the early stage investors fund too many companies for the market.