If you are a VC, and you invest in a project that could reach a market valuation of $1bn within 2-3 years from start-up, how much would you invest to secure your position against the competition from other VC?

Personally, if I was a VC and looked at project with the potential to get to $1bn within 2-3 years, I would give it a current valuation of $100m. That's 10x return in 2-3 years. Squarely within the realms of reality for any Silicon Valley type project that already has a first round / secondary market value above $30m - $40m.

When the project is out of testing and in final release where the risks are reduced, $200m - $300m. 

Invest $1m and get back $3m in a few years. That there is the definition of a no brainer.

So the May predictions were considered fanciful at the time the survey was completed, yet the price went above the highest range.

So, what happens at the end of 2014?