3 ms·

But success for purposes of a median is a low bar. It's half your companies having any valuation at all.

• Evbn 14y ago
  Median is arbitrary. Why not 90th percentiles? Profit pays the bills.
• PeterisP 14y ago
  The whole point is that a very great fund will still have 60%+ with valuation of 0, and that's completely ok.