13 ms·

Correct. However many funds do not distribute returns that are less than a certain amount (1.5x is typical, I think)

• motti_s 15y ago
  So in you opinion, assuming that Sequoia had to distribute the "overnight" 2X to their LPs, was that a good investment for them?
  • joshu 15y ago
    I think VCs are looking to provide bigger returns than this.