The 99% (of startups)
This gives an interesting glimpse into the prognostication abilities of supposedly brilliant VC's. It also shows the the near-impossibility of cashing in private company shares, at least through VC's.  In addition to this story, the Sony hack revealed that Evan Spiegel of Snapchat wanted to cash in about $40 million worth of shares just after he spurned Facebook's $3 billion offer.  He was also roundly rejected.  Had someone bought those shares, they would have been worth around $200 million today.So anyone thinking that they're going to get much liquidity as a private company founder should think again.  If the Snapchat and Twitch guys were rejected, the odds are not good that you will be the exception.