May 1, 2026

Semil Shah

Why Even Winning VC Funds Only Get 1.7 Fund Returners

Tier-1 LP data shows successful 3x funds rely on ruthlessly concentrated outcomes

Murph capital is a new media, research and community for emerging vc fund managers

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Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Benchmarks

Soon

about us

FUND

INVESTORS

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Benchmarks

Soon

about us

FUND

INVESTORS

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