Median Impact vs Non-Impact IRR

Upon examining the data from 2013 to 2020, it's apparent that impact funds typically require a longer duration to yield returns compared to non-impact funds, but they may offer higher returns once they mature, as demonstrated by the performance of impact funds in 2013. In the shorter term, defined as 0-7 years, non-impact funds generally achieve greater returns. 

This trend is expected given the nature of impact funds, which frequently invest in startups needing extended investment periods akin to those in the deep technology sector. Such startups usually demand more patient capital than traditional tech startups, which attract conventional venture capital and anticipate quicker financial gains.