The Meeting That Showed Me the Truth about VC’s and How They Don’t Make Money
medium.comThe thing that is bad about this is that you see a statistic like 95% of VCs don't give a reasonable return and there is a good chance that is your money or the money of someone in your family that is being wasted. Pension funds, private equity funds that you or someone you know may be holding as part of their retirement funds.
Totally right. I'm hoping my pension funds are investing in Sequoia ;-)
The math doesn't look reasonable in this post.
The "okay" startups only return 25% growth over ten years. Even hundred year-old blue chips grow faster than that. Of course a 50M exit isn't good enough if it takes ten years and you only own a quarter of the company after putting in 10M.