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1. VC firm X makes a $1 million dollar investment. Ten years later the firm liqudiates its investment for $80 million. The IRR of the investment is over 61%.
true or false
2. According to Dermot Berkery founders should be quite vague when laying out stepping stones for the venture. This is because it is hard to say a stepping stone is not reached if it is not well defined.
true or flase
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