What if it’s 1996, not 1999?
Seeing Both Sides
APRIL 10, 2011
In 1997, a Charles River Ventures fund yielded a stunning 15x return, backing such superstars as Ciena, Vignette and Flycast. Matrix had a fund in 1998 that yielded an eye-popping 514+% IRR. The average venture capital fund raised between 1995 and 1997 returned more than 50% per year. But what if it’s actually more akin to 1996?
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