This investor got an 11.6x return and was unhappy, saying it barely moved the needle for him
Moments like this reaffirm how VC funds need home runs, not base hits
What feels like a huge (life-changing, even) win for you as a founder can still disappoint them
Moreover, VCs can take hundreds of swings (as he alluded to in his reply) yet as a founder, you ONLY get one swing every 5–10 years
Understand this tradeoff before blindly getting on the venture treadmill. Optionality + situations like this are probably the biggest reason why we stopped raising after our pre-seed round at Supademo.
Watch how much you raise, at what valuation, and how your liquidation preferences stack up.
More founders need to understand the rules of the game before they play
https://preview.redd.it/m6dhxxx4ig0i1.png?width=1010&format=png&auto=webp&s=b74fb6a01f0e180f0bc38001ebdcc280dbabd78c