The very nature of the S&P 500 would exclude it from such a comparison. VC funds are targeting startups not established entities. To make the S&P 500 list you h

The very nature of the S&P 500 would exclude it from such a comparison. VC funds are targeting startups not established entities. To make the S&P 500 list you have already achieved a significant balance sheet through years of tweaking /improving. The return comparison is unequal. A better barometer would be cash on cash returns but with vc funds that may be difficult to track.