In a VC portfolio there is little difference between a 0x or a 3x return. Virtually all the returns come from the handful of 100x returns that make the entire f

In a VC portfolio there is little difference between a 0x or a 3x return. Virtually all the returns come from the handful of 100x returns that make the entire fund. All the other companies combined have little impact Side note that the 3x return companies are the biggest headache to manage (founder feuds, recruiting another vp of sales, etc). The 0x and 100x companies are much easier