Isn't the massive devaluation of the lira over that time period the main factor? | Hacker News

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		vintageseltzer on Aug 3, 2017 \| parent \| context \| favorite \| on: Squaring Venture Capital Valuations with Reality Isn't the massive devaluation of the lira over that time period the main factor?

nurettin on Aug 3, 2017 [–]

Average devaluation is 10%/year in other sectors. Doesn't look like a main factor.

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