Net TVPI for venture funds that are 8, 9, and 10 years old.
Median = total miss. 75th percentile is meh. Top 10% is getting good, top 5% is real good, top 1% is bonkers.
Most startups fail --> most VC funds will also fail (to generate good returns)
Net TVPI for venture funds that are 8, 9, and 10 years old.
Median = total miss. 75th percentile is meh. Top 10% is getting good, top 5% is real good, top 1% is bonkers.
Most startups fail --> most VC funds will also fail (to generate good returns)