The post Margin of safety in venture capital appeared first on BardTech . Doug Clinton Contributor Doug Clinton is a co-founder and managing partner at Loup Ventures , a frontier tech-focused investment firm. More posts by this contributor How to create the most value for the next technology wave As a former stock analyst turned VC, I still spend time thinking about public company investment opportunities. To that end, I recently read Seth Klarman’s Margin of Safety , a hard to find, but very insightful book about value investing. The book’s title, Margin of Safety, is a term borrowed from the godfather of value investing: Benjamin Graham. Warren Buffett’s investment philosophy is very much inspired by Graham; 85 percent as much , according to Buffett himself. A margin of safety is room for error built into the price an investor pays for an asset to lower the risk that the investor might lose money. In other words, assets are usually quite difficult to price, so ...