500 Startups’ Dave McClure on portfolio diversification and the return opportunities of “spray and pray”

Like startups, most venture capital firms fail- at least in terms of returns. In our latest interview with Dave McClure, Founder @ 500 Startups, he argues that poor venture returns are the fault of ‘focused’ investment strategies. Instead, McClure argues that a high-volume, diversified investment strategy delivers consistently stronger cash on cash returns than a more…