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0 pointsbix68mo ago0 comments

Can you expand on this? I see this brought up a lot but if they don’t return capital they’ll have to shut down?

0 comments

bpt38mo ago

They are big enough that they basically make the market in venture.

The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.

bix6OP8mo ago

They are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?

bpt38mo ago

They are held in very high regard and are very well connected so other VCs will throw money at their portcos.

Probably not hard to return the fund when Coinbase is in their portfolio.

bix6OP8mo ago

Do you know what round / multiple they got?

j / k navigate · click thread line to collapse

bpt38mo ago

They are big enough that they basically make the market in venture.

The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.

bix6OP8mo ago

They are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?

bpt38mo ago

They are held in very high regard and are very well connected so other VCs will throw money at their portcos.

Probably not hard to return the fund when Coinbase is in their portfolio.

bix6OP8mo ago

Do you know what round / multiple they got?

j / k navigate · click thread line to collapse