invest1 publisher
A $3B venture fund now needs four of the 81 companies worth $25B
Twenty-one of those 81 carry the number while still private, so the comps a Series A gets underwritten against are marks rather than distributions, and the arithmetic that produced four is sensitive to one ownership input.
Publishers:saastr.com
Reality
- Evidence52
- Adoption58
- Hype gap+24
- Incentives66
- Confidence56