yeah, guess i'm intentionally taking on the "spray & pray" haters, but to me more specific -- i'm combining that strategy with other filters, domain-specific expertise, selective follow-on investment. the combination of all of these is more like an index fund for initial selection, then active management and time-weighted averaging of future funds into the winners.
little bit complex to describe, adn we're still developing it so even i'm not final on which parts add most value.
but we are trying some new shit. some of it hopefully works ;)