Mike Fiuk (michalfiuk)

a16z reportedly closing in on another ~$7B in fresh LP capital, to close in April Highlights include: - About ~$3.5B to their growth fund - ~$500m-1B to various sector-specific funds, including AI & American Dynamism - ~$600m to their games fund https://www.axios.com/2024/03/06/andreessen-horowitz-7-billion-fundraise

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Achieving meaningful returns in venture is hard. Achieving outsized returns (3x or greater TVPI [total value to paid in] by many definitions) is very rare. CalPERS is one of the largest investors in the world & has access to the best venture funds you can think of. Their mean TVPI was 1.57 over a decade ('99 - '09).

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Is $DEGEN the meme coin of @farcaster? Asking for a friend, NFA, etc. etc.

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Fantastic few days off with the family. Great way to reset!

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