Interesting Term of Art

10-bagger Definition, from the Venture Cyclist: When a VC talks about a big hit you might hear them calling it a 10-bagger (a phrase apparently coined by Peter Lynch, of Fidelity Maggellan fame). A 10-bagger means that for every $1 of investment made, the VC fund receives $10 back when they sell their stake (either … Continue reading Interesting Term of Art