Take a 10-year investment of $150M.
If you put on the S&P, you get 325M after 10 years with "no risk".
If you put on Bitcoin, you get 1B back with wide swings.
But in both, you do nothing.
OR give it to a start up that can lose everything and return ZERO back.
Question: How much should you expect the startup to return to you to be worth that type of risk?
$10B?
That's 10B just for your share of the company.
If you take a 25% share, the company should get be worth $40B.
How much profit does the company have to have to be worth $40B?
For comparison, Snap is worth $25B with 5B in advertising revenue from 350m users.
If you don't like ads, $5B in subscription revenue requires $1/mo for 350m PAID users.
Can this company get 350m PAID users?