Forget Returning The Fund. What Investment Can Return The Firm?
SEPTEMBER 21, 2019
There’s an expression in venture capital called “returning the fund.” Of course the assumption in calling this a positive outcome is that you invest much less capital to achieve this return – putting $100m into a single company and getting that amount back wouldn’t be a good investment. This is what is also drives discussions of power law outcomes and getting more capital into your winners.