This article was originally published on Built In by Russ Wilcox.
If you can raise capital right now, you will have something in common with Taylor Swift. Closing a venture deal during 2020 is like writing a pop song that hits No. 1 on the charts. It takes tremendous work and skill to achieve, not just luck.
In fact, VC funds are much like record labels, because both make the bulk of their money on their platinum deals. A major venture fund can only thrive if it manages to find and lead one of the top 10 to 20