zlacker

>>gdb+(OP)
Investor returns are capped at 100x, thats quite a high cap for a non-profit.

>>fuddle+U5
Interesting way to think about it:

This is equivalent to saying:

"If you put 10m$ into us for 20% of the post-money business, anything beyond a 5B$ valuation you don't see any additional profits from" which seems like a high but not implausible cap. I suspect they're also raising more money on better terms which would make the cap further off.

>>estsau+pd
Yeah but they've already said they need to raise billions not millions. It's a completely implausible cap.