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VC fund extensions are LPs’ new normal—blame sluggish unicorn IPOs

December 13, 2024 Robert Harrington

Over 40% of unicorns have been in venture portfolios for at least nine years, pressuring a hallmark of VC: the 10-year fund structure.

Companies with valuations of at least $1 billion now make up two-thirds of the US venture market. Their inability to exit is raising questions about the wisdom of the decade-long fund, according to a recent PitchBook analyst note. READ MORE

← What Forerunner & Bain Capital Ventures Secretly Told Their LPs This Fall9 VC firms collected half of all money raised by US funds in 2024 →
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rharrington@bullseye.consulting
770-315-6331
       @BobJHarrington