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AFAIK, investors are normally willing to invest one hundred now and get one thousand several years later.

Not quite. VC plans on 9 out of 10 deals not working out. So that remaining 1 in 10 has to make enough to pay for the rest. That means that a 10-fold return just breaks even. But it gets worse. For an investment with a 10 year horizon they need to beat alternate investments. If you peg those at 10%/year (compounding annually), then you now need a 25-fold potential return on investment for the fund to have a chance to meet its goals.

... Why was this modded down?

Is the reasoning wrong, or is there some troll going on that I don't know about? It seems quite realistic to me.

I wonder the same, perhaps, this is the new HN.

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