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3 tweets,
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1/ Unusual share of a VC’s fund performance shows what it takes to achieve > 3X return.
2/ Observations : (1) usual skew in returns with 2 companies carrying major share of returns (2) 15 years to second major exit - ride your winners! (3) only 19 companies in portfolio - lower diversification than portfolio math would suggest
3/ but importantly - well done @Elaia_Partners on delivering the goods and being willing to share 🙏
