Standardized, transparent reporting tables including net IRR, total value created, and DPI are necessary to prevent fund managers from manipulating performance metrics.

“if you ever see multi-hundred percent irrs or high huge irrs with zero dpi and a marginal tvpi it's folks that are playing games to trick lps just a heads up”

DPI is the ultimate performance metric for venture capital funds because all other figures are just approximations until cash is actually returned to investors.

“the number one metric that matters is dpi which is the ratio of distributions to paid in capital and it's basically money in versus money out right at the end of the day that's all that matters”