It's about 25% annualized returns for 5 years. Spectacular if it were risk-free. Depending on how much risk you think they were taking on at that stage (probabl

It's about 25% annualized returns for 5 years. Spectacular if it were risk-free. Depending on how much risk you think they were taking on at that stage (probably not much, given how proven out the model was) it's still very good returns. Late stage venture capital does not seek the kind of 1000x returns that early stage does.