Palo Alto Venture Science, a venture capital firm attempting to improve investment decisions through financial modeling, has raised “is launching” a $200 million fund. “The asset class suffers from too much self-confidence, herd mentality and the home-run mindset,” said Matt Oguz, the firm’s founding partner, in a statement. “We’d much rather do the math when making fund-related decisions.”
Updated: After this story was initially published, the company contacted us to say that it hasn’t raised $200 million. It has “launched” what it hopes might be a $200 million fund, but it has only begun the fundraising process. Re/code wouldn’t ordinarily cover a venture capital firm’s solicitation for investments, but since the story was already posted we have corrected the record.
This article originally appeared on Recode.net.
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