VC Performance by Quartile and Vintage Year

People have all kinds of trouble figuring out venture capital performance, as I alluded to in an earlier post today. Just to help things along, here is some data (courtesy of Cambridge Associates) showing U.S. venture capital fund performance by vintage year. In other words, a fund that had a bunch of exits in the late-90s was almost certainly a mid-90s vintage, whereas a fund that tanked in the early 2000s was likely a 1999-2000 vintage.

vc performance by quartile and fund vintage year

obDisclaimer: 2003 vintage funds and sooner are in the Too Soon To Tell category with respect to performance, so very little should be taken from the downbound graph above.

Related posts:

  1. Lies, Damned Lies, and Venture Performance Statistics
  2. Performance Persistence at Venture Funds
  3. Trashing Euro VCs
  4. Venture capital continues the slide
  5. So Many Venture Firms, So Little IRR