What if it’s 1996, not 1999?
Seeing Both Sides
APRIL 10, 2011
million in revenue the year before. . If investors observing this extraordinary phenomenon in 1996 were to have concluded that the technology market was in the midst of an unsustainable bubble, they would not have been wrong. Matrix had a fund in 1998 that yielded an eye-popping 514+% IRR. billion market capitalization.
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