About half of VC deals don’t return capital invested
Everyone knows home run exits are what drive venture returns. But a recent postby Andreessen Horowitz’ partner Benedict Evans put in perspective the extent to which big hits bolster fund performance, looking at 30 years of venture investment returns from one of the firm’s lmited partners. The data showed that about half of all investments returned less than the original capital deployed, while 6 percent of deals produced at least a 10X return.
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