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"Almost eight years later, it turns out that the list had its share of flops—companies that shut down or lost value—but some notable home runs as well. Cloudera
by tdumitrescu 10y ago
"Almost eight years later, it turns out that the list had its share of flops—companies that shut down or lost value—but some notable home runs as well. Cloudera, Palantir, Evernote, Twitch and Spotify all increased at least 30 times in value since 2009. If YouNoodle’s list had been a venture portfolio, it would have been one of the best-performing funds of the last two decades."
Am I crazy, or has only one of those companies (Twitch) actually made it to a liquidity event for its investors? There are some serious doubts around some of those "home run" companies keeping anything near their crazy private caluations.
- fnbr 10y agoExactly. It's hard to say that they've had massive successes when none of the companies have returned money to their investors. That's proof that you've succeeded. The rigor imposed by the SEC makes it a lot harder to fake/inflate the valuations. That said, I think all of those companies have done great things. Spotify, for instance, has revolutionized the music industry, and Palantir is a major player when it comes to government software (my employer competes with them in Canada).