VC says an 11.6x exit left him unhappy — 'barely moves the needle' for seed funds
DesireeCachette · x · 2026-11-07
Pre-seed investor Itamar Novick posted that a portfolio company sold for 11.6x his investment and he 'wasn't happy' — seed fund math needs a couple of enormous outcomes across 40 bets, so 11x barely returns the fund. mdudas mocked the tone-deafness of a lead VC tweeting this right after a founder's life-changing exit.
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