I thought so too, but the article then compares to funds started in the same years (like 2010). That said, not having lots of exits within 6 years of starting a

I thought so too, but the article then compares to funds started in the same years (like 2010). That said, not having lots of exits within 6 years of starting a fund doesn't seem strange (anymore). Also, comparing Sequioa's 50x return on WhatsApp to anything is going to look bad ;). The percentile data is more revealing and does suggest that the A16Z fund from 2010 is currently middle-of-the-road. Unfortunately, the article doesn't cite sources for this percentile data.