Why it works
Top funds return 5–20× in 6 to 8 years.A typical angel fund returns 1.5–2× in the same duration.
Top firms don't just land the occasional unicorn — they pick winners more often.
Most of their wins return 4–10×, and that consistency is what compounds.
Top firms find winning companies more often and more consistently — a steady run of 4–10× wins, plus the occasional outlier like SpaceX, Facebook or Palantir, found early.
That is what drives their winning streaks.