5% of VCs generate 90% of venture profits 🤯 @IlyaStrebulaev, a Stanford GSB professor, built a ranking to find them His study with Blake Jackson covers 230,000+ investments, 13,000 VCs and 5,000 firms across 30 years. Zero editorial judgment, no self-reported numbers What it corrects for: 1️⃣ Private valuations discounted, since unicorn marks run ~50% overstated 2️⃣ Dilution tracked round by round 3️⃣ Net profit after cost, so spraying checks earns nothing 4️⃣ Time decay, with a 3-year half-life on every result The Midas List correlation with his ranking: 0.27 SV Angel backed 139 unicorns and ranks 31st. Thrive backed 47 and ranks 8th Full study and methodology 👇 thevccorner.substack.com/p/1… Does your lead sit in that 5%?