Arrrh, the mysterious 30% IRR. If you’re a first-time entrepreneur making the rounds visiting VCs for the first time , you probably have heard about this phrase in a couple of occasions. More often than not you’ll be puzzled by its meaning. And even if you’re curious enough to have digged out the definition of IRR (Internal Rate of Return) by poking around the internet, you might still wonder why it seems to be always 30%. Exactly who dediced that? And more importantly, what does it mean to you as an entrepreneur?
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