With dismal numbers on fundraising and investment coming quarter after quarter, venture capitalists can take some cheer in recently crunched numbers on venture returns. Thomson Reuters and the National Venture Capital Association released their one-year private equity performance index for the quarter ended March 21, and it showed positive returns across all stages.
Putting its most positive spin on things, the NVCA noted that with no IPO market to speak of and a volatile M&A environment, short-term returns have been relatively paltry, but still far better than those of the public markets. Indeed, with the weighted results from large late deals thrown in, venture capital returns across all stages beat the Nasdaq and S&P 500 indices over a one-year, three-year, 10-year and 20-year horizon, lagging only on a five-year comparison. - Clifford Carlsen
See July 28 press release from The National Venture Capital Association
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