> Again, once you have doubled your money and gotten it back, you can invest it anywhere you like, including the same companies you may have before. But now you

> Again, once you have doubled your money and gotten it back, you can invest it anywhere you like, including the same companies you may have before. But now you have twice as much money. Again, that's exactly wrong. As far as the fund is concerned, that money's gone. Let me help you understand with this link: http://www.danshapiro.com/blog/2010/08/vc-insanity-economics/ http://www.danshapiro.com/blog/2010/08/vc-insanity-economics... Pay special attention to the section entitled, "They don’t appear to be particularly interested in making large amounts of money."