Yes, Aggarwal’s is the short explanation of a 12-year journey fraught with unknowns. Investing comes with risk--not all investments will be successful. In the VC and Hedge Fund space, 96% of investments are failures. However, those 4% that do yield hockey stick returns of 3x, 100x, or more, make up for the 96% losses. A clear path to Pension Funds transforming their investment strategies is by taking a more active role in the equity crowdfunding micro-investing realm. By entering into investment opportunities, along with micro/customer-investors, Pension Funds could also position themselves to reap the benefits of 10,000x returns over the course of a decade.