Looks like VC finally gave actual #s to PrivCo. They honestly don't seem THAT different to me, +/- 5 or 10%. Don't think that calls for scorched earth credibility attack (yeah yeah I must be a shill). But those who claimed it's "all garbage" way over-reached IMO. Don't think anyone here would think their work should be called total garbage when it was that close and even the couple assumptions footnoted. Call me a shill, but I mean that's a low blow and makes you know who vc look like a bully whose bluff was just called dudes. Guess he's still peed about foursquare story from months ago. Win some lose some, don't stoop.
http://www.privco.com/tumblr-ownership-and-yahoo-acquisition... (updated)
Union Square gets 5,000% return on Tumblr
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Re: Union Square gets 5,000% return on Tumblr
#72Earlier quoted context omitted.
Most of the top tier investors are pretty consistent with this message. Ironically, they're also the ones who get approximately all the returns, probably as much because the best entrepreneurs would prefer to work with them vs. mediocre investors, as much as because of the direct value these investors add.
it is easier to behave properly when you have a big pile of chips in front of you. when you don't have any chips, it is tougher. that's why the best get better and the worst get worse.
Given how much people talk, you'd think that when the pile is small is when you need to be all the more careful about how you treat people if you want that to ever change...
For my part I have an mental list of both vc's I'd love to work with again, and VC's I not only will never, ever take anything from again even if it's just a free pen, and while I won't badmouth them publicly, there are certainly some I like to think I will slide just a little bit quicker into obscurity thanks to the odd situations where their name might have come up in conversation..