Is this 10000x return that makes everything else counter intuitive a function of startups or of startups in a bubble?
Are the returns going to remain of this order over the next 20 years ? I understood that VCs rule of thumb was 10x return paid for the other 9. is this difference earlier stage, bubble or other?
Are the returns going to remain of this order over the next 20 years ? I understood that VCs rule of thumb was 10x return paid for the other 9. is this difference earlier stage, bubble or other?