How venture capital funds make money: why one big win pays for all the startups that fail
Fund life: why a venture capital fund cannot wait forever for a startup to sell
After nine years, a startup is doing better than ever, and its founder wants more time. The venture capital fund behind it wants a sale now. A fund has an end date, set on the day it starts.
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Nine years have passed since the fund began. Your app is now in 40 cities and still growing. You think it could be worth twice as much in five more years. You would like to wait.
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Miva wants you to sell this year. She has backed you for years: why the hurry now?
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