{"version":"1.0","type":"card","id":"f697c8ff-c156-4e26-ad81-3918bff7f922","url":"https://stacklist.com/card/f697c8ff-c156-4e26-ad81-3918bff7f922","title":"Carta — VC Fund Performance, Q2 2026","source_url":"https://carta.com/data/vc-fund-performance-q2-2026/","note":"Signal of the Week. Median 2017 fund has returned 0.37x in cash nine years in (2018: 0.15x, 2019: 0.04x); top-decile 2017 TVPI 4.14x with IRR falling to 25.7%. Platform leans toward smaller managers.","image":{"url":"https://ucarecdn.com/0013596d-6949-4fa9-8ee6-f5ca3957d1d9/","alt":"Carta — VC Fund Performance, Q2 2026","width":7680,"height":4320},"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":"2026-09-28T18:44:04.705Z","updated_at":null,"aco":{"summary":"VC Fund Performance Q2 2026 analyzes how top-performing venture capital funds from the late 2010s show diverging trends: IRRs declining while TVPIs surge, indicating strong paper gains but slower-than-expected return timelines. The report highlights a flight to megafunds, declining LP counts per fund, and lengthening liquidity timelines with minimal concrete distributions for most funds.","tags":["venture-capital","fund-performance","irr-tvpi","vc-metrics","q2-2026","liquidity-analysis"],"key_entities":[{"name":"Carta","type":"organization","confidence":0.99},{"name":"Hamza Shad","type":"person","confidence":0.99},{"name":"Kevin Dowd","type":"person","confidence":0.99},{"name":"IRR","type":"concept","confidence":0.99},{"name":"TVPI","type":"concept","confidence":0.99},{"name":"DPI","type":"concept","confidence":0.95},{"name":"venture-capital-fund-performance","type":"concept","confidence":0.98},{"name":"Q2 2026","type":"event","confidence":0.99}],"classification":"analysis","language":"en","confidence":0.85,"provenance":{"model":"claude-haiku-4-5","tool":"@stacklist/mcp-server@2.0.0","confidence":0.85,"timestamp":"2026-09-28T18:44:11.770Z"},"token_counts":{"approximate":1500,"cl100k":1368},"content_hash":"sha256:9393a2c89fadd85298142b243a035a2b66c4baf2ec2c15959f87996dde8c3f31","acp_version":"0.2","body_available":true,"body_tokens":1500,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/f697c8ff-c156-4e26-ad81-3918bff7f922.json","html":"https://stacklist.com/card/f697c8ff-c156-4e26-ad81-3918bff7f922","md":"/api/public/card/f697c8ff-c156-4e26-ad81-3918bff7f922.md","stack_json":"/api/public/stack/cd56e1a1-45bb-4978-945b-4a9e71b13b5f.json"}}