Venture Funds

The 2021 vintage’s 0.05x year-five DPI is the lowest since 1997, but early DPI barely predicts terminal returns—the 2012 vintage reached 2.04x by year 10 from a slow start. With TVPI at 1.21x, we examine what the next five years will decide.

Elite, boutique VC firms like Benchmark have done quite well, but their market’s math isn’t what it used to be.

Thrive’s bets on SpaceX and OpenAI are expected to deliver huge returns to its LPs in upcoming IPOs.

The share of capital awarded by VCs’ anchor investors has risen nearly five percentage points in the last few vintages, according to new Carta data.

The firm is targeting a $1 billion Fund V, betting that its mix of venture equity, private tokens and event-driven plays will keep outperforming classic VC strategies

The Boston firm’s new fund underscores renewed LP interest in smaller VC managers after years of mega-fund dominance.

The 25-year-old San Francisco VC firm made its name in VC secondaries and fund investments.

Chirag Chotalia is joining a growing number of VCs leaving their big firms to go at it on their own.

It’s the latest in a long list of recent VC spinouts.

Top US IPO candidates are continuing cautiously monitoring the market from the sidelines.

The Veteran Fund’s sophomore vehicle comes amid an influx of VC dollars into startups linked to US defense and national security priorities.

Can tech startups combat tech problems?

Felicis has raised its largest fund to date, with a 70%+ strategic concentration in AI

Denver Ventures leaned on its angel investors to raise capital during a tough time for emerging managers.

Josh Raffaelli, former head of venture growth investing at Brookfield, is suing the firm for wrongful termination.

The SoftBank-led record $40 billion funding round was contingent on a shift in corporate structure

GPs with poor returns have struggled to raise new vehicles in the last few years.

The new capital brings the AI-assisted venture capital firm’s AUM to about $3 billion.