"The day SpaceX went public, historical asset allocation went out the window. Technology is the dog that caught the bus." "What was once success in venture (a unicorn) is now your average Wednesday and private companies are generating $1B in revenue on a timeline measurable in quarters." "While we don't invest with that expectation at the outset, the majority of the portfolio can go to zero and we can still generate outperformance from a small handful of power law winners." "It's not just a…