funny that they would only need to let their investment ride into equivalent investments for another 21 days before reaching a return of 209 Trillion dollars, which is in excess of the total value of all stocks, bonds and currency in the world.
Odd as it may seem, this is not necessarily great for the VC's. Most VC funds only get to invest each dollar once; when it gets cashed out after an IPO or M&A event, the returns go back to the investors. I'm not sure if this money still counts as being under management for purposes of their 2% annual commission; if not, then it's almost certainly a bad deal.
Many funds have provisions for recycling (ie calling a given dollar twice instead of just once) that address cases like this that are quick flips.
One other note - for the first five years of a fund (typically), the 2 percent fee is calculated on committed capital not invested capital, so an event like this has no impact.
funny that they would only need to let their investment ride into equivalent investments for another 21 days before reaching a return of 209 Trillion dollars, which is in excess of the total value of all stocks, bonds and currency in the world.
[1] http://www.wolframalpha.com/input/?i=%3D+%281+billion+-+500+...