[michaelochurch]

What makes you think that only 2 of the exits will succeed? Or that the projects slated for $50M won't turn out to be worth $500M when new approaches or uses for the work are discovered?

There are too many hidden variables and no one knows what they are doing. I don't.

[tptacek]

If you have a strategy for investing in 10 companies and having 5 of them exit at 50MM+, you should raise money for a fund.