Venture capital performance in the first quarter continued to decline, but the one-year return of -24.4% for the year ended March 31 was slightly better than the -27.8% posted for the year ended Dec. 31. The figures were reported by Thomson Venture Economics and the National Venture Capital Association, which have stopped releasing stand-alone quarterly results.
"Given the drop in valuations, continued volatility in the public markets and the lack of exit opportunities, returns may remain negative for some time. The industry needs exits to realize returns to their investors," Jesse Reyes, vice president at Thomson Venture Economics, said in a statement.
