3 ms·
at the upper bounds (350 million) (10% is 35 million) with 22.5 million invested in 9/2016 and the sale shortly after that is a nice flip and a gain of 10+ mill
by flylib 9y ago
at the upper bounds (350 million) (10% is 35 million) with 22.5 million invested in 9/2016 and the sale shortly after that is a nice flip and a gain of 10+ million
- kornish 9y agoThey definitely got their money back, but venture economics dictate that the fund is paid for by the outlier returns (10 to 100 to 1000x or more) rather than a nice 1.5x.
- omarchowdhury 9y agoBetter than a loss though.
- tinbad 9y agoWith those amounts, everything adds up. $10 million probably pays for a couple years rent for a fancy VC office on sand hill road.