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How is the VC Asset Class Doing?

View from Seed

The top quartile has distributed 2.03x (vs. 1.68) and the median fund now has distributed 1.27X (vs. One or two of the best companies may continue to appreciate, but most of a VC’s portfolio has probably been realized, written off, or has maxed out its value. The top quartile DPI for the 2012 vintage is 0.62.

LP 256
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Revisiting the Craft Beer Metaphor for the VC Industry

View from Seed

When we started NextView back in 2012, we often used the metaphor of the beer industry to describe the evolution of the VC business. VC’s across the board have generally upped their game and are much more involved in the startup ecosystem and with their portfolios. AB Inbev was huge back in 2012 but is only larger today.

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Why Average VC Returns Don’t Really Matter

Agile VC

Typically it’s when Cambridge Associates releases their benchmark data on the VC asset class ( here’s a 2010 example article from TechCrunch ) or an organization like the Kauffman Foundation publishes a white paper ( a 2012 example article from Business Insider here ). Even if you’re top decile for your vintage year (e.g.

LP 176
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State of VC 2.0

View from Seed

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. This is particularly relevant for VC funds because they do not follow a normal distribution, they follow the power-law curve.

Valuation 319
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State of VC 2.0

View from Seed

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. This is particularly relevant for VC funds because they do not follow a normal distribution, they follow the power-law curve.

Valuation 295
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State of VC 2.0

View from Seed

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. This is particularly relevant for VC funds because they do not follow a normal distribution, they follow the power-law curve.

Valuation 156
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Shark Tank 2012 Holiday Episode Breakdown

Lightspeed Venture Partners

Although Sharktank has been running reruns on Fridays the last few weeks, the show ran a Sharktank 2012 Holiday special on Tuesday night. This is largely a relationship driven business, with the relationship between the venture investor and the lender being crucial to debt being made available to a portfolio company.

Covenant 156