Many VC funds have 1-2 years they can tack on in addition to the 10-year life in cases where one or more of their investments have not exited. That said, it's

Many VC funds have 1-2 years they can tack on in addition to the 10-year life in cases where one or more of their investments have not exited. That said, it's not the return multiple that matters for VCs, it's the IRR (i.e. time is a factor).