Venture Capital: 1992 vs 2000

Interesting comparison of the outcomes for venture capital invested in 1992 vs. in 2000. The 2000 vintage is only now beginning to pay off in terms of distributions, but still has lost money overall. As in 2007 venture capitalists invested heavily at the top of the market. On average they don't seem a lot smarter than anyone else. Though there is some evidence that the best are good.