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>I don't think we're in for a "correction" Even if that's the case, it will only change the ROI of big VCs from like 4,000x to "just" 1,000x. Boo hoo. (Edit #1
by moralestapia 4y ago
>I don't think we're in for a "correction"
Even if that's the case, it will only change the ROI of big VCs from like 4,000x to "just" 1,000x. Boo hoo. (Edit #1: Ok, this is hyperbolic but you get the idea).
Similar to BTC, if you bought at 0.01USD you're still making a killing, even with the recent dip.
If you bought at the top though ...
Edit #2: Turns out I was spot on w/ the 4,000x figure, https://brandondonnelly.com/2019/05/10/5599/ https://brandondonnelly.com/2019/05/10/5599/
BTW, YC's ROI is on the order of 50x-100x by my guesstimate (0.5B invested in ~3,000 companies, ~10% stake on a market valued at 400B before the dip); open to discuss it.
- bushbaba 4y agoSource on that VC "ROI". For context, a16z is no-where near those rates. https://www.theinformation.com/articles/andreessen-horowitz-returns-slip-according-to-internal-data https://www.theinformation.com/articles/andreessen-horowitz-...
- nl 4y agoNo VC funds are making 1000x or 4000x. They might make that on a single investment, sometimes. But that covers the ones they lose money on.
- Gigachad 4y agoI hate crypto but I have heard the “if you bought at the top” line about 7 times now and it always ended up coming back much stronger a year or two later.