The "34 more instagrams" comment is made by someone who doesn't know how venture returns work. Sure, it is a huge return on 250k but just a smaller multiple of

The "34 more instagrams" comment is made by someone who doesn't know how venture returns work. Sure, it is a huge return on 250k but just a smaller multiple of larger investments. Also, there are several funds which represent the 2.8 billion...