Andreessen Horowitz has a very strong spray and pray feel to it relative to other funds in its class (much like YC). Look at how enormous its portfolio page is: https://a16z.com/portfolio/. I bet this list isn't all inclusive, either.
For comparison: Founders Fund has an IRR of ~55%, at ~$1B AUM scale. It tends to invest in fewer companies -- with much higher bar and conviction -- and its portfolio has a much lower failure rate than competing funds (of course failure rate doesn't matter as much for VC returns, but it's still an interesting fact).
I have no connection to FF whatsoever, but have learned a lot from the way they invest and much prefer their model to the spray and pray style (YC, Ron Conway, A16Z, etc).
For comparison: Founders Fund has an IRR of ~55%, at ~$1B AUM scale. It tends to invest in fewer companies -- with much higher bar and conviction -- and its portfolio has a much lower failure rate than competing funds (of course failure rate doesn't matter as much for VC returns, but it's still an interesting fact).
I have no connection to FF whatsoever, but have learned a lot from the way they invest and much prefer their model to the spray and pray style (YC, Ron Conway, A16Z, etc).