Omega Files Returns
Episode 2 - Public vs. Private IRR, pattern matching, and what makes startups win
We are excited to bring you Episode 2 of the Omega Files—a unique look at data, performance benchmarking, and portfolio performance patterns from Blume's Fund I and IA, which are rarely disclosed in venture capital at this scale.
Last year, Omega Files Episode 1 took a bold step by openly sharing details of Blume Fund I, from fundraising and portfolio construction to performance metrics, which sparked over 25,000 views and ignited conversations across the VC landscape. This year, we’re going deeper.
What’s Inside Episode 2:
Public vs. Private IRR: How Blume Fund I + IA’s returns compare with India’s top public market indices, even in a record-breaking bull market.
Portfolio Insights: Detailed analysis of 70+ Fund I and IA companies, revealing patterns like the power of timing, cash efficiency, and the outcomes of acquisitions.
Peer Insights: Performance data from three early-stage peer funds—Kae, YourNest, and Micromax Corp VC arm—offering a broader view of the 2011-15 VC vintage. Even with limited international institutional dollars, longer exit time horizons, and a nascent venture market, our analysis shows that Indian funds are capable of competing for global LP capital.
Our goal? To provide transparency and to show that Indian venture funds can compete on the global stage, delivering results that meet and even exceed the best global standards.
Explore Episode 2 of the Omega Files here.
We look forward to your thoughts and questions.
Blume Ventures