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So the numbers are simplified to make it easy to follow the general point. If they line up _that_ neatly, they usually are.
by pgeorgi 13y ago
So the numbers are simplified to make it easy to follow the general point. If they line up _that_ neatly, they usually are.
- andrewchoi 13y agoWhat I'm saying is that there are very few VCs that are hoping for a 30x on one investment to make up for 9 failures. It's an order of magnitude difference, which I think is nontrivial. If it was a general point, it would have been fine, but the difference between a $100m --> $300m company and a $100m --> $3000m company are huge.