The biggest gains in venture capital come from generational outliers…

Praveen Paranjothi · 2026-06-19T08:59:51.000Z

Power law in action. SoftBank / Alibaba - $20M > $100B+ Naspers / Tencent - $34M > $175B+ Benchmark / Uber - Series A at a $60M valuation > $6.8B at IPO. Accel / UiPath - Early entry > ~$10B return. a16z / Coinbase - Early entry > $11B+ at IPO. The SpaceX story: Founders Fund $20M first check in 2008, $600M+ total, $50B+ at IPO Valor Equity Partners $400-500M in through 2021, $81B DFJ Growth: $10M in 2009, $800M+ total, 2%+ stake at IPO. Sequoia: First in 2019, $20B+ at IPO a16z: Led 2023 Series K, $10B at IPO

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The biggest gains in venture capital come from generational outliers… | Newnex