Just saw a report about returns of VC - absymal compared to basically everything. PE made a killing, VC returned 1.Xx with a risk profile that is 20x what you would be willing to take on in PE.
I see a lot of idiots getting 8-figure funding for ideas that are borderline-retarded at best. I've seen companies with zero revenues and 20m Cash-Burn being valued at 300m+. Are you guys just in for a huge circle jerk, driving up valuations based on nothing? How can you price in the full upside of 20+ years and still set up a model that shows a return for your fund? Is it just hoping for some poor imbecile to pay the bill at the end of the day? Or am I mising something?
Your pathetic PortCo managed to double its customer base in a year? Yeah, maybe so, but that's like me telling you that my lemonade stand attracted 4 customers a day instead of 2.
What is this shit?