There are bad years, so-so years and then there is 2013…its been a long time coming. In 2013, VCs finally took some pride in the 10-year returns which recovered to 7.8% as of Q2 2013. The battered egos have regained their mojo and the venture “asset” class is starting to look real once again. Even as fund managers (or GPs) whip up their fund raising documents, and get ready to pitch institutional investors (or LPs), a lot of strong foundational under-pinnings are at work.
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