[billmalarky]

I think he is suggesting VCs want much larger exits than the average founder (at higher risk). Isn't most of Y combinator's success from just a couple massive paydays (airbnb and dropbox etc)? Whereas an exit like reddit in the 15 - 20 MM range is considered a big win for the founders, but quite "meh" for the investors. VCs need big wins to be really successful.

[jfoster]

Thanks. That is what I was suggesting.