IRR

“Across the Bessemer portfolio, companies that had a cash conversion score of one X at the time of financing actually yielded an internal rate of return of a 120%.”

“Do you have so much better data, or at least historically, but do you know what the average top tier university endowment adventure did last year? The IRR? ... 90%.”

“Top LPs last year reported, had 90% average IRR. So they got drunk on this too, and they fueled it, and they took this stuff seriously.”

“Everyone is full of shit in venture on Twitter. Oh, I'm all my investments are so great. I'm such a genius. I own point. Oh, one percent of this unicorn. I made so much money, but the real IRRs, when you blend it all together, they're negative.”