{"version":"1.0","type":"card","id":"b20c0982-0f17-49c6-9bfd-5aed21b934fd","url":"https://stacklist.com/card/b20c0982-0f17-49c6-9bfd-5aed21b934fd","title":"Signals Served #030 — The Marks Are Still Waiting for Cash","source_url":"https://www.thevcconcierge.com/insights/signals-served-030","note":"Issue #030 of Signals Served — The Marks Are Still Waiting for Cash. Week of September 22–28, 2026. 14 signals with a Founder Signal for each.","image":{"url":"https://ucarecdn.com/e5fe58d8-c239-499e-8594-cf00365cfd2d/","alt":"Signals Served #030 — The Marks Are Still Waiting for Cash","width":1280,"height":800},"stack":{"id":"cd56e1a1-45bb-4978-945b-4a9e71b13b5f","title":"Signals Served #030 — The Marks Are Still Waiting for Cash","url":"https://stacklist.com/c/finance/stack/cd56e1a1-45bb-4978-945b-4a9e71b13b5f"},"created_at":"2026-09-28T18:44:01.532Z","updated_at":null,"aco":{"summary":"Signals Served #030 reports that typical 2017 venture funds have returned only 0.37x in cash against 1.89x paper valuations, revealing a significant gap between marked values and realized distributions. The IPO market remains constrained with only three debuts since Labor Day, while top-performing funds see gains arriving slower than expected as interest rates rise.","tags":["venture-capital","fund-performance","cash-returns","ipo-market","carta-data","fundraising","venture-funds"],"key_entities":[{"name":"Carta","type":"organization","confidence":0.99},{"name":"SoftBank","type":"organization","confidence":0.95},{"name":"SpaceX","type":"organization","confidence":0.95},{"name":"Oracle","type":"organization","confidence":0.9},{"name":"Instinct","type":"organization","confidence":0.85},{"name":"Modal","type":"organization","confidence":0.8},{"name":"Fal","type":"organization","confidence":0.8},{"name":"OpenAI","type":"organization","confidence":0.95},{"name":"Bamboo Insurance","type":"organization","confidence":0.85},{"name":"venture-fund-performance","type":"concept","confidence":0.95},{"name":"cash-returns-gap","type":"concept","confidence":0.9},{"name":"Labor Day","type":"event","confidence":0.85},{"name":"United States","type":"location","confidence":0.9}],"classification":"analysis","language":"en","confidence":0.85,"provenance":{"model":"claude-haiku-4-5","tool":"@stacklist/mcp-server@2.0.0","confidence":0.85,"timestamp":"2026-09-28T18:44:10.772Z"},"token_counts":{"approximate":5656,"cl100k":5524},"content_hash":"sha256:849c9931dff5b31bd38e00558993ddbd841bcf59e06bf466a00d47708e4df7c6","acp_version":"0.2","body_available":true,"body_tokens":5656,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/b20c0982-0f17-49c6-9bfd-5aed21b934fd.json","html":"https://stacklist.com/card/b20c0982-0f17-49c6-9bfd-5aed21b934fd","md":"/api/public/card/b20c0982-0f17-49c6-9bfd-5aed21b934fd.md","stack_json":"/api/public/stack/cd56e1a1-45bb-4978-945b-4a9e71b13b5f.json"}}