4 ms·
They 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
by kornish 9y ago
They 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.