Quick prediction - let me know if this is wrong: (Apart of the top-tier) Most VCs will introduce revenue/dividend based pay-outs as an alternative to exits for existing portfolio companies. Reason: a lot of the investments will become strong companies but not strong exits.
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c.f. Wistia for an example of #1. https://wistia.com/learn/culture/taking-on-debt-to-grow-our-own-way … What’s the largest similar transaction possible? I don’t think single digit billions sounds unlikely.
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