You're confusing the fund level return with individual portfolio companies. This entire thread has been premised on the idea of getting a 10x on an individual i

You're confusing the fund level return with individual portfolio companies. This entire thread has been premised on the idea of getting a 10x on an individual investment. The instant matter of a 3x is a 3x at the fund level, which I'm trying to say is no slouch, and if it's consistent would generally be considered outperformance.