New fund vintages rarely perform well in their first years of existence. But funds from 2021 and 2022 are trailing behind other recent vintages at the same point.

Pre-seed investing continues to evolve. Carta's Q2 2024 report on pre-seed investing examines trends in financings at the earliest stage of the startup lifecycle.

Carta's inaugural VC fund performance report analyzes benchmarks for more than 1800 funds across six recent vintages.

QSBS incentivizes investment in startups and helps them recruit talent during their critical early stages. QSBS has proven to be a successful policy—but it can be further enhanced to benefit more employees.

In Q2 2024, the venture ecosystem showed modest signs of improvement.

Carta data shows that companies have become leaner and salary benchmarks have remained flat across much of the ecosystem.