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For example, if their fund is $1B and they put $250M in Uber, then Uber's valuation goes 10x, so their portion is now worth $2.5B, more than the fund started wi
by tedmiston 9y ago
For example, if their fund is $1B and they put $250M in Uber, then Uber's valuation goes 10x, so their portion is now worth $2.5B, more than the fund started with. (Numbers made up for example.)