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How to Beat Risk Adjusted Returns on Venture
You have to beat the risk adjusted returns on venture. We've seen the public market cap of these top tech companies grow from 1 trillion to 10 trillion. That's a 10x. So all you had to do was buy those and you would have made 10x that works out to north of 25% IRR. And there's very few VCs that have been able to be 25%.