<ul><li>Risk in venture capital is relative and depends on the goals, timeline, and tolerance of the investor.</li><li>Defining risk allows for a measurement of its impact in relation to the fund's ability to execute and achieve high rewards.</li><li>VC investments often involve illiquidity, but adjusting expectations and pacing can help balance the impact of this factor.</li><li>The VC multiverse consists of various dimensions with different risks, and diversification can help manage these risks.</li></ul>

The Relativity of Risk: Balancing High Stakes in a VC Multiverse

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