4 ms·
I think you dropped a 0. 0.13*31BN = ~$4BN, still a 10X return if they've invested $400M.
by iamtherhino 9y ago
I think you dropped a 0.
0.13*31BN = ~$4BN, still a 10X return if they've invested $400M.
- prostoalex 9y agoIt's likely not distributed evenly between their three investments (and perhaps three separate funds), and with the late-stage checks typically being larger, it might impact the ROI of that late-stage fund more severely. I don't really think the urgency is there, though, VCs have been dealing with illiquid companies for decades, if they need to wind down the fund, they will either distribute the shares directly to the LPs or create a placeholder SPV and distribute partnership interests.
- calpaterson 9y agoYes I did! Thanks. Can't edit it now, unfortunately.