Something else is needed indeed, a unique investment thesis that makes your arbitrage as different as the families you represent. Dare to be different, or go home.
Eventually, the world will have to wake up from the self-induced sleep of reason.
The genius of venture capital arbitrage on display: the demise of Lytro makes clear how the collusion of investor socialism in Silicon Valley destroys the opportunity for real innovation. False positives demonizing false negatives. I have a few more of these to highlight, for the sake of a meritocracy of innovation arbitrage.
No, not generally. But the repeatable effectiveness of venture is determined by a more causal factor.
Learn how to run an outlier startup before you become its arbitrage. Or else you too will become a member of the following.