VC Performance Continues To Decline

Venture capital performance deteriorated in Q1, according to data released this morning by Cambridge Associates and the NVCA.

It was the third-straight quarter of decline, although the rate slowed, and was seen over the quarterly, one-year, three-year, five-year and 10-year horizons (mild improvement for 15-year and 20-year). The full report is below, or you can download it here (.pdf):
NVCASelectUSVC2009Q1