How is IRR calculated for investors?

Since valuations for investors are delayed by 90 days to maintain confidentiality, the AngelList IRR calculation only includes investments made at least 90 days ago.

IRR is calculated by looking at how much your portfolio gained compared to how much you invested, and takes into account the amount of time that has passed. Since time is taken into account, your IRR changes over time, even if you haven't made any new investments.

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