Betting before anyone else is ready to gives exponential returns in Ozzie Tech!

Blackbird has netted  $800m payday from its  Canva share sale. 

"If you find yourself in a privileged enough position to take such a risk, the bets that pay off biggest, are the bets you take before anyone else is ready to." Great quote from VC veteran Alan Jones

The transaction, which valued Canva at $US26 billion, allowed staff and early investors to sell their shares, turning some employees into millionaires and generating big returns for superannuation funds that tipped money into the local tech company! 

For Blackbird’s 2012 fund, which participated in Canva’s earliest funding round, the sale represented a return of just more than 2600 times the cost base of its original investment.

Link to AFRs article