Ten years ago we thought Dropbox exiting at $4B was a rosy possibility.
Today we find and fund decacorns, and have returned a fund 50X net on one of them.
The ecosystem is growing because the exits are bigger. There are MORE returns and MORE successful startups.
#nochop
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Replying to @dunkhippo33
YC is investing at a $1.78M valuation and angels and other funds are investing at 10x+ the valuation… chop their returns by 10x if you’re investing in all of their companies
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