August 25 at 5:58 am
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From 1996 to early 2000, we had a run where we had 17 exits and no writeoffs. We went into the market meltdown with a portfolio of 42 companies (we'd exited 17) and over the next two years we wrote off 20 of them. The remaining 22 companies are almost all realized now and about half of them have been money back situations and about half have been big winners. - Daniel Gergès