Q1 performance data shows maturing VC fund vintages aren’t doomed

It can be hard to tell how venture capital firms are doing. Sometimes it’s easier after a big exit, like Figma’s last week, which gave us a window into the sizable returns some of its early backers, including Index Ventures and Greylock, could capitalize on. But VC firms are usually an opaque bunch when it comes to performance.
So when the market started to sour in Q1, it was obvious we wouldn’t know how things were actually faring until the data started trickling in from their limited partners, or LPs, who, if public, generally have to make much of that information public as

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