IRR & multiple on money (MoM) calculator
MoM = exit value ÷ amount invested. IRR = the annualised return rate that makes the present value equal to the invested amount: (MoM)^(1/years) − 1.
IRR (annualised return)
0%
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VC return benchmarks
- Top quartile VC fund: 25%+ net IRR, 3x+ MoM over fund life (~10 years).
- Median: 12–18% IRR, 1.5–2.5x MoM.
- Individual investments in early-stage need 30%+ IRR / 5x+ because most fail.
- Public markets: S&P 500 ~10% IRR over long periods.