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Last year, people were buying lottery tickets for one fiftieth the value they were at the end of last year. And so all the portfolio mathematics that made venture really interesting just seemed to vanish in the last two years. But i think if you're looking to have really strong returns over a multi decade period, people return expectations were crazy last year. If you do 15 % annualized for a very long period of time, the numbers get really gofe vig really, really fast.
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Listen to the best highlights from the podcasts you love and dive into the full episode