Despite 2022’s volatility, VC funds performed better than you think

Over the last year, the venture industry has had a tough time. Many feared that the bull market had pushed valuations to unsustainable heights and would result in a windfall of startup down rounds and cash burn, which would have a negative impact on VC fund performance. But before SVB failed, it was going relatively well.
It might appear that the opposite is true, at least according to a report about the University of California’s endowment. But since this report only looked at funds with vintages of 2018 or later — which haven’t hit the critical J-curve yet — calling these funds “

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