Thursday, April 26, 2012

Venture Capitalist Forced To Defend Only Making 31,200% Return

The Wall St. culture has not changed one bit. And once again that greed will bring down the financial markets, thus the economy. But the next time there will be no "recovery" for a long time:

I saw something recently that blew my mind and I need to share with you. A venture capitalist having to defend making a 31,200% return — in two years.

Seriously, read this post from Ben Horowitz , Netscape founder Marc Andreeseen’s investing partner.  They were seed investors in Instagram, recently sold for $1 billion to Facebook FB 0.00% .

I’ll let @bhorowitz explain why he’s feels the need to defend hitting a grand-slam (emphasis mine)...
Full article

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