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<iframe src="https://smashnotes.com/p/the-twenty-minute-vc-venture-capital-startup-funding-the-pitch/e/20vc-500-startups-dave-mcclure-on-whether-unicorns-are-necessary-for-venture-returns-why-ownership-is-not-the-math-to-think-about-when-investing/embed" width="100%" height="500" style="border: 2px solid rgba(215, 223, 249, 0.89);" frameborder="0" loading="lazy" title="20VC: 500 Startups' Dave McClure on Whether Unicorns Are Necessary For Venture Returns & Why Ownership Is Not The Math To Think About When Investing"></iframe>

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