4 ms·
IMO abandon ship == near-$0 valuation. Although I didn't know about the 1/3 odds of a mediocre return (defined as 1x?) for VCs. The main point of my (admittedly
by zhyder 18y ago
IMO abandon ship == near-$0 valuation. Although I didn't know about the 1/3 odds of a mediocre return (defined as 1x?) for VCs. The main point of my (admittedly still simplistic) graph was that the VC probability distribution is bi-modal.
- mattmaroon 18y agoI would assume mediocre meaning something like 5.x-2x or something. I don't remember exactly, but I definitely know that startups that fail are often sold and VCs get some money back. And some that didn't fail but didn't really succeed and don't appear to have much potential sell for not a lot either.