Conversation

I recall reading somewhere that the lifespan of the typical VC fund is 11 years. Is this correct and if so what’s the origin and significance of the 11 year cycle? Does it correspond to any meaningful phenomenology like “2 business cycles” or something?
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Mean time the VC partners who raised the fund sticking around? Check the distribution. May be median life is a few years with a handful of longlivers. Also curious about weighting by size of fund.