While typical VCs may take months to make an investment decision, Correlation leverages their model to make decisions in as little as two days. For entrepreneurs and VCs seeking co-investors, the firm offers quick and easy access to VC capital without ever taking a board seat. The decision-making speed enables Correlation to make many more investments than a typical VC; in September 2015, they had a portfolio of 112 companies for their first fund. The model is built to achieve smaller successes. Co-founder Coats described the model as “kind of like counting card in blackjack” in that “it’s really designed to tilt the odds in our favor a little bit. If you play enough hands you should win.”

https://digit.hbs.org/submission/correlation-ventures-taking-the-gut-feel-out-of-vc/