[GFischer]

For the VCs and pension funds, or the investors at large that trust the IPOing banks?

[dasil003]

For VCs. Just VCs.

[gtCameron]

For most of them, it won't matter what the return 10 years from now is, they are cashing out much sooner

[dasil003]

I just meant long enough for the benefit of hindsight. How will the corpus of Web 2.0 investments look. That's what I'm getting at.