8 ms·
VCs should allow a company to be acquired when they believe its value has peaked, not some preset ratio or return. A smart VC would sell at 80% return if he th
by GavinB 18y ago
VCs should allow a company to be acquired when they believe its value has peaked, not some preset ratio or return. A smart VC would sell at 80% return if he thought it was only down from there.
- deleted 18y ago[deleted]
- mattmaroon 18y agoWell, it's fairly rare a VC invests in a company that early stage and thinks it's peaked a year later. I agree with you, but that doesn't happen.
- GavinB 18y agoThere's certainly a psychological/selection bias aspect to it. If they bought in early they're more likely to have a rosy vision of the future prospects than your average spectator.