"The 76-startup figure in Sohum’s angel-investing essay was a personal portfolio-sizing choice, derived by doubling a 38-company estimate based on a 2.6 percent unicorn rate from top VC portfolios."
Sohum first calculates 38 investments from the cited 2.6 percent rate and then says he would personally double that portfolio to 76 to reduce the risk of missing a unicorn.
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