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I Wrote Off $4M to $0. My Co-Investor Marked Up the Same Deal to $30M. Here’s What Founders Need to Know About VC Incentives.

So at the end of last year, I made my biggest write-off ever at SaaStr Fund. $4 million to $0. Gone. But here’s what’s wild: my co-investor in the exact same deal? He marked up his investment. From about $15 million to $30 million. Same company. Same outcome. Completely opposite marks. How is this even…
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