The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: a16z Raises $10BN in New Funds | Mercor Raises $350M at a $10BN Valuation | OpenAI Restructuring: Who Wins and Who Loses | Why IRR is a BS Metric and Three Ways to Win in VC Today

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

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IRR versus multiple: what VCs should optimize

Rory argues to maximize multiple subject to a minimum IRR constraint, explaining how duration and IRR interplay in fund performance.

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