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How do you get that they need to grow to 3 billion based on raising 442 million? At an annual return of 10 percent they would need to hit 1150 over ten years.
by Certhas 10y ago
How do you get that they need to grow to 3 billion based on raising 442 million? At an annual return of 10 percent they would need to hit 1150 over ten years.
Hitting 3 billion over ten years means getting more than 20 percent growth year on year ten years in a row...
- jasode 10y ago>Hitting 3 billion over ten years means getting more than 20 percent growth year on year ten years in a row... Exactly! When Harvard University invests some of their endowment in a Sequoia VC fund, they are expecting returns better than 20%! To compare, here's my previous comment about USV's 22%+ returns: https://news.ycombinator.com/item?id=12678009 https://news.ycombinator.com/item?id=12678009