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Michael Arrington Patrick Gallagher Tim Armstrong

Earns 20%-30% from over 80 investments

7 May, 2013

The fund has deployed just over half its capital, and the internal rate of return (IRR) is 20%-30%. It is reported to be in the very early stage of pre-marketing for a second fund, having reached out to just a few of its 61 limited partners, including AOL. Armstrong is due to sit down with Gallagher later in the month.