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Don't have the most recent numbers but http://fortune.com/2012/07/24/nice-ira-andreessen-horowitz-returns-first-fund-twice-over/ http://fortune.com/2012/07/24/n

• foobarqux 12y ago
  Besides the fact that Skype was an exceptional insider deal these numbers can be misleading ("twice over" for a 10 year fund is about 7% a year and IRRs are distorted when money is returned early because you are not getting that return for the remaining period of investment).
  • pbreit 12y ago
    But insider deals are a key part of venture.
    • foobarqux 12y ago
      The point is a Skype-type no-shop deal is unlikely to be replicated.
  • IanCal 12y ago
    Also, if we're looking at the 2009 onwards, the S&P500 has returned an average of 18%, a 2.28x return. (2009 - 2013 figures from here: http://en.wikipedia.org/wiki/S%26P_500#Total_annual_returns http://en.wikipedia.org/wiki/S%26P_500#Total_annual_returns)