4 ms·
Assuming Sequoia took that for 20% of the company (fairly standard), they just made $3.2bn. For every $1 they invested in WhatsApp, they made $400 back. </napki
by chrislloyd 13y ago
Assuming Sequoia took that for 20% of the company (fairly standard), they just made $3.2bn. For every $1 they invested in WhatsApp, they made $400 back. </napkinmath>
However people feel about the VC game, 400x IRR are why so many people play.
- ojbyrne 13y agoMinor quibble: IRR is usually an annualized measure. I come up with a number just over 7x (assuming 3 years, cube root of 400-1). Not that it makes it any less insane.
- rahimnathwani 13y agoAnother minor quibble: IRR is usually expressed as a percentage (e.g. 700% per year rather than 7x).