Ten-year venture capital returns are falling and they’re not getting up anytime soon.
Annualized U.S. venture returns for the decade ending June 30 were 14.3%, down from 26.2% in the prior quarter and 33.9% a year earlier, according to Cambridge Associates data issued Tuesday by the National Venture Capital Association . The reason is simple – 1999 was a terrific year for the venture industry and as those results roll off, the 10-year index plummets.
