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2min chapter
Andreessen Horowitz Part II
Acquired
Carve Outs - I'm Not Jumping Out of My Seat.
A good multiple means you are right, but a great amount of absolute cash returned means you were three things. You had access, you had winning access to be a meaningful partisapent on that cap table and you effectively did the work to obtain the capital in the first place. O ten x fund: Fine, if it's a 50 million dollar fund and you ten Xan you return 500 million, like clap, i'm proud for you, you know. Butyo yo, you return me 22 billion like now, i'm jumping out of my seat. I don't care what the multiple is. All right. Well, i'm gosh. I feels good to come
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