Certainly they would pop a bottle for that 100m exit when it happens, but at the funding stage there is a case to be made for chasing deals in markets large eno

Certainly they would pop a bottle for that 100m exit when it happens, but at the funding stage there is a case to be made for chasing deals in markets large enough that a 10B exit is at least possible. Because 10B might happen and that does a lot to the EV calculations. Even if it doesn't, some might think that startup has a better chance for reaching the 100M mark sooner.