I think this is Cuban's way of saying "Hold on, I see now that compared to the exits we are heading towards, the valuations are not to big." Here's the problem

I think this is Cuban's way of saying "Hold on, I see now that compared to the exits we are heading towards, the valuations are not to big." Here's the problem with that type of thinking - we can always readjust our valuation expectations to be in line with increased valuations. Every bubble does that. It becomes the 'new normal'. But it's still not necessarily true. Regardless of SV's success at crafting exits, valuations might still be too high. Both statements can be true.