I think you have two things confused. % vs total returns. Larger funds have a tougher time finding high returns. However if you are getting dollars on a lowe

I think you have two things confused. % vs total returns. Larger funds have a tougher time finding high returns. However if you are getting dollars on a lower cost basis (i.e. untaxed vs 0.8 taxed dollars) you have more money that can be exposed. Therefore allowing for more upside and alternatively any losses can be spread across a larger base. In no world does not having more money allow for more money to be gained. In venture it also means you have more money you can burn at a loss.