Yale University’s endowment apparently knows a thing or two about investing in venture capital.
The $25.6 billion endowment has gained an average of 93% per year on its VC investments over the past 20 years thanks to buying early stakes in tech companies that went on to become dominant in their fields, including Amazon AMZN 0.54% , Google GOOGL -0.27% , Facebook FB -2.68% , and LinkedIn LNKD -3.55% , the university revealed in its latest annual report. The investments were made through top VC firms, including Andreessen Horowitz, Benchmark, and Greylock Partners, Yale said.
