Arlington, Va. – Venture capital performance had mixed
results for the period ending Sept. 30, with short- and long-term investments
showing slight improvement, but those in the five- to 10-year range continuing
to deteriorate, according to a new report from the National Venture Capital
Association.
Though exit markets have shown signs of life in recent months, the
NVCA and partner Cambridge Associates said that a healthy venture capital
environment won’t return until exits capture more sustainable momentum.
"It has taken a full decade after the technology bubble burst for the
venture industry to fully realize the impact of that era and its
aftermath," said Mark Heesen, president of the NVCA.
"There are still
healthy returns to be made in venture capital, but until the venture community
sees a more vibrant exit market we do not expect marked improvement
overall."
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