I sold my first startup for $50 million after 13 months and made my investors 5x in a year None of them showed up to the closing dinner It took me a long time to understand why that was
This is why measuring IRR using capital call to exit return is important, not just fund multiples. 5x in a year is an amazing deployment of capital. But I have an unusual structure (single LP, open-ended) that loves those results.
