Comment on Christie's Deletes Digital Art DepartmentparentComments−bix61yCan you expand on this? I see this brought up a lot but if they don’t return capital they’ll have to shut down?−bpt31yThey are big enough that they basically make the market in venture.The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.−bix61yThey are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?−bpt31yThey are held in very high regard and are very well connected so other VCs will throw money at their portcos.−cactusplant73741yProbably not hard to return the fund when Coinbase is in their portfolio.−bix61yDo you know what round / multiple they got?
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Can you expand on this? I see this brought up a lot but if they don’t return capital they’ll have to shut down?
They are big enough that they basically make the market in venture.
The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.
They are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?
They are held in very high regard and are very well connected so other VCs will throw money at their portcos.
Probably not hard to return the fund when Coinbase is in their portfolio.
Do you know what round / multiple they got?