Distributions are a critical metric by which LPs measure the fund performance of VC funds. In recent years, however, they’re getting harder to find.

See the latest pre-seed data on deal sizes, management fees, valuation caps, a breakdown of SAFEs compared to convertible notes, and a map of the states where the most pre-seed activity takes place.

The number of new SPVs exploded during the venture capital boom of 2021. While they have slowed down since then, it's clear the long-term trend is pointing upward.

Distributions to paid-in capital, which measures how much capital a fund has returned from exiting its investments, is a key metric for limited partners.

Initial data from Q3 2024 shows median pre-money valuations and cash raised remained steady compared to previous quarters across the U.S. venture ecosystem.

Compared to two years ago, valuation step-up multiples have declined while the typical time between priced rounds has risen. How are founders navigating the market’s ebbs and flows?