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VC Returns Crisis: Why Top Firms Can't Promise 5X Net

Why a16z, Lightspeed and General Catalyst Cannot Go To LPs and Be Confident of a 5X Net: " @ravi_lsvp , @pmarca @bhorowitz cannot go to LPs and say with a straight face that they can do 5x net. If you look at the recent returns data, it suggests that. They will make an immense amount of money on an absolute basis but LPs are in the business to make high money on money returns." @EverettRandle Love to hear your thoughts on this Ravi, Ben, Marc @htaneja would you not argue that different LPs have different return requirements and expectations?

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venture capital returnslp expectationsfund performanceinvestment multiplesportfolio returnsventure fundingcapital allocation