 The "Business Insider" stated that they were "deeply skeptical" about Koenig's claim of a 50% return because when they asked him how the company had made the money, Koenig referred to "valuing assets like iPhone porn startups and unsold domain names".According to private equity source, FINAlternatives, and the SEC's exoneration letter referenced in the article, Koenig was misquoted.The actual 50% claim was, instead, a 50% increase in the per unit buy-in price based on the fund's progress.