Some have labeled the last ten years in the venture capital industry a decade of lost returns. Ten and 11-year industry benchmarks show a negative Internal Rate of Return (IRR) causing some investors to question if the venture capital model is broken and in need of dramatic overhaul.
The analysis contained in this VC Update paints a more nuanced and — especially in the case of the leading firms — a more positive picture of the industry's performance and outlook. This article explores these trends, highlighting key challenges and emerging opportunities impacting the venture industry, and segmenting the previous decade by vintage year groups based on current and expected performance.
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