similar arguments have been made in previous bubbles. there's always been an element of truth in them -- as there is now -- but the reality always proves different than the hype. maybe this time will be different but it's a mistake to count on it.
Re:A VC: Storm Clouds
by fredwilson on Saturday November 13, 2010 @06:35AM
(#1900720)
something way north of 25% and i don't think it is sustainable
I don't know what his IRR is but he says "enjoyed an amazing run" which I am guessing means something north of 25%. That rate of return will not stay that high as more investors jump in who are willing to accept a lower return.
Hopefully we are coming up the "Slope of Enlightenment" this time: http://www.gartner.com/technology/research/methodologies/hyp...