Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape. Over the last 20 years, venture capital has increased its place in investor portfolios, primarily owing to a few factors: 1) Performance of the asset category relative to other categories (top quartile VC according to Cambridge Associates has averaged nearly a 28% net IRR from 1996-2019 2) Growing length of time tech companies stay private (over the past 25 years, we’ve seen the duration to exit go from 4 years to over 8 years) and 3) Increased influence of technology in our everyday lives.
Great observations. +1 on Treating Venture as an index. Too many LPs lump all pre-public investing together. VC is, of course, not one but several asset classes.
Great observations. +1 on Treating Venture as an index. Too many LPs lump all pre-public investing together. VC is, of course, not one but several asset classes.