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To quote a private equity investor friend: “I’ve known startup CEOs of billion-dollar companies that are flat broke. Meanwhile people with $50mm/ARR dating site
by vessenes 1y ago
To quote a private equity investor friend: “I’ve known startup CEOs of billion-dollar companies that are flat broke. Meanwhile people with $50mm/ARR dating sites from Europe live like kings.”
A good reminder that it’s worth deeply understanding venture portfolio economics before you get on the ride. Not that it’s a bad ride. But it’s a ride.