A look at Neo, a VC firm that made early bets on startups including Kalshi and Cursor, pushing the value of its first two funds far above industry averages (Yuliya Chernova/Wall Street Journal)

Yuliya Chernova / Wall Street Journal: A look at Neo, a VC firm that made early bets on startups including Kalshi and Cursor, pushing the value of its first two funds far above industry averages — The venture firm, led by CEO Ali Partovi, illustrates the growing gulf between a few top performers and the industry median