
The quoted post says Garry Tan’s first fund returned 55x overall: its first 98 companies generated about 1x DPI, and Instacart added another 1x without pro rata participation. Coinbase, where he continued investing pro rata across multiple rounds, delivered 53x.

By brian_armstrong
Co-founder & CEO @Coinbase. Creating more economic freedom in the world. Co-founder @researchhub @newlimit. Not investment advice.