One thing I've noticed is that vc backed companies in my field don't last more than 5yrs. Maybe 2/3 get acquired, 1/3 get shut down, but I see so few survivors I won't offer a probability estimate.
The goal of VC backed companies today is to cash out as much "value" (ROI) as possible, as soon as possible. VC firms aren't meant to last; they're meant to enrich (a very select few).
It is funny to compare today to the old days, say the 1980s, when public investors made fortunes investing in companies like AAPL and MSFT. These were startups that became "old companies".
Compare that to FB, we have to wait another 20-30 years to really know, but it's hard to see FB growing the way AAPL and MSFT did.
