IRR vs MOIC vs DPI vs TVPI: The 4 VC Return Metrics Every LP Asks About
Understanding IRR, MOIC, DPI, and TVPI is essential for anyone working with VC funds. Here's what each actually measures and why DPI dominates LP conversations in 2026.
fund-economics — Venture Capital Articles & Research
Explore our latest articles on fund-economics — covering venture capital deals, fund activity, startup fundraising strategy, and investor research relevant to this topic.
Whether you're a founder building an investor target list, an analyst tracking deal flow, or an operator researching market trends, the articles below provide practical, up-to-date venture capital intelligence.
Why This Topic Matters in VC
- Deal flow signal: Funding activity and investor conviction in fund-economics
- Fundraising context: Which investors are active and what traction they expect
- Market timing: Sector momentum, valuation benchmarks, and competitive dynamics
Browse all fund-economics articles below, or use our investor list to research active investors by stage and sector.
Related Articles (11 articles)
-
-
What Is Dry Powder in Private Equity (and VC)? The $2.18T Print and Why It Matters
Dry powder is committed but undeployed capital at VC and private equity funds. Learn what the $2.184T PE print measures, why it is not cash, and how aging reserves affect deals.
-
The VC J-Curve: Why New Funds Look Bad Before They Look Good
The J-curve describes how VC fund returns dip in early years before recovering and accelerating. Here's why it happens and how LPs plan around it.
-
Which VC Sectors Generate the Best ROI? 2025 Data on IRR by Industry
IT, healthcare, and industrials = 85% of U.S. VC invested capital (Cambridge Associates). AI dominates deal value at 65.4%. Here's what actually outperforms.
-
Private Market Investment Fees (2 and 20): Management Fee and Carried Interest Explained
The 2-and-20 fee structure defines how VCs and PE GPs get paid — ~2% management fee plus ~20% carry. Here's how fees, hurdles, and waterfalls actually work, with dollar examples.