Large exits are generating less & less return. Stats on the heels of Airtable acq: The difference between exit value and the company’s last valuation for exits of $500M+ narrowed to just 15.5% this year, down from 60%+ in 2021 (PitchBook.) See my column: venturecapital.cmail20.com/t/d-e-wvjttt-j…