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> Like, this is as good as it gets, guys. This is it. Pretty sure they reference both Sequoia and Benchmarks as having 8x and 11x returns. So not sure this is
by up_and_up 10y ago
> Like, this is as good as it gets, guys. This is it.
Pretty sure they reference both Sequoia and Benchmarks as having 8x and 11x returns. So not sure this is really as good as it gets. I think it more points to the over hype of certain firms vs the ones who can actually deliver on investor money.
- iaw 10y agoThey also emphasize that those returns are largely on paper excluding the WhatsApp purchase... So still illiquid and able to move down.
- the_watcher 10y agoThat's also how VC works. Gains are on paper until liquidity.
- kchoudhu 10y agoSure, and investing with Goldman Sachs special situations will occasionally get your 10x returns too. It's not repeatable though, so it doesn't make sense to bet your or anyone else's retirement on it, which is what a lot of LPs seem to be doing.
- cloudjacker 10y agoI like the time when Libya got their sanctions lifted and invested in a Goldman Sachs fund, and GS lost 98% of their money
- warcher 10y agoYou can win in poker on an inside straight, too. Doesn't make it a smart hand. My point was not about a16z, but the other 95% of funds.