Why a 3x fund return is NOT enough
20VC with Harry Stebbings·2026-02-25 05:01
A 3x is not enough to be exciting. And the math is really simple, right. Say I'm a fund.I want to make a 3x net return for my investors. I'm gonna have some things where I swing and I miss. Say I have a 1x, I need a 5x. Heaven forbid I have a loss and I have a zero, I need a six.We obviously really try to avoid those, right. If I have a two, I need a four. So for me, I need to see a a a steady case where you can get that 3x.But I really need to believe that if the company 3xes, I want to put more money in b ...