Remember, VCs are usually locked for years. <br><br>So they realistically need a minimum 3-5x+ on their initial investment to justify the opportunity cost of locking capital. <br><br>Otherwise they could literally just ride $BTC spot and chill.
Remember, VCs are usually locked for years. 

So they realistically need a minimum 3-5x+ on their initial investment to justify the opportunity cost of locking capital. 

Otherwise they could literally just ride $BTC spot and chill.