Assertion: venture capitalist's fund | /r/Desires | two of those investments
Facets:
value: to hit a 15.0x return
type: PURPOSE
Source sentences:
text: Santé posited the example that a $100 million fund making 10 investments at $10 million each would require two of those investments to hit a 15.0X return to create a 3.0X return for limited partner investors (this does not take into account management fees; however, the math is easier to understand).