In quantum mechanics, Werner Heisenberg’s Uncertainty Principle states that you cannot simultaneously know both the position and momentum of a particle with perfect accuracy—the more precisely you measure one, the less you know about the other.
Venture investing operates under a similar constraint: The more you try to predict exact outcomes (returns, timing, winners), the less certain you become about the path to get there. For Limited Partners (LPs) in venture capital and private equity, this has profound implications for portfolio construction, due diligence, and risk management.
