VCs can make spectacular returns. Sequoia Capital banked $3bn from its $60m investment in Whatsapp. Lightspeed Venture Partners turned $8M into $2Bn when it exited Snap. And SoftBank’s initial $20m investment in Alibaba was eventually worth $60bn when the company was listed on the stock market – that’s an incredible 3000x return.
How do they do it? Do they have access to information the rest of us don’t? Have an outsized appetite for risk? Or is it just down to pure luck?
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