This is entirely untrue- this is squarely in the realm of growth investment, for which you're typically underwriting for 3-5x cash on cash returns over a 5 year

This is entirely untrue- this is squarely in the realm of growth investment, for which you're typically underwriting for 3-5x cash on cash returns over a 5 year old period It is extremely unlikely that these funds see a path to returning >10x Source: 7 years VC experience