Saastr · 8 August 2026 · Operating Insight

The Simple Math Behind a 3x Venture Fund: Why Your Best Investment Needs to Return the Whole Thing

Jason Lemkin, GP @ SaaStr

A VC fund needs one investment returning 30x on 10% of capital to hit the 3x net returns required for LP survival and fundraising. This explains why top VCs concentrate bets, follow on aggressively, and ignore moderate winners—the math demands outsized outliers.

Read the full post on Saastr ↗

Topics: Venture Capital & Startups

Published by Saastr · their site ↗

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