I never said founders can reliably predict the future. I never even said they could do so better than VCs. I simply said the author was missing the point. It wa

I never said founders can reliably predict the future. I never even said they could do so better than VCs. I simply said the author was missing the point. It wasn't that the VC just won't accept anything less than 10x. They do it all the time. It was that in this particular case, he probably felt that by not exiting he would, on average, get more than 3x. I have no opinion whether or not that's true. But I know for a fact that VCs (at least ones with a clue) don't just categorically reject every exit below 10x.