Curated by
JD Audena
life’s better when it’s bold, curious, and a little chaotic | building & becoming always | in service of the future | fellow omnipotentialite and friend to @KyleHudson
stacklist.com/jdaudena
life’s better when it’s bold, curious, and a little chaotic | building & becoming always | in service of the future | fellow omnipotentialite and friend to @KyleHudson
More in Signals Served #030 — The Marks Are Still Waiting for Cash
See all 30 →Carta — VC Fund Performance, Q2 2026
carta.com
Carta — VC Fund Performance, Q4 2025
carta.com
Bloomberg via Yahoo Finance — Derailed IPO plans
finance.yahoo.com
More from JD Audena
See all stacks →Signals Served #017 — Capital Is Long Agents. Enterprises Just Got Short.
14 cards · Finance
Signals Served #015 — The Ground Moved Under the Model
14 cards · Finance
Signals Served #014 — The Frontier Outgrew the Round
15 cards · Finance
Signals Served #030 — The Marks Are Still Waiting for Cash
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.
Built for AI agentsACO · 5656 tokens
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
Carta (organization, 0.99) · SoftBank (organization, 0.95) · SpaceX (organization, 0.95) · Oracle (organization, 0.9) · Instinct (organization, 0.85) · Modal (organization, 0.8) · Fal (organization, 0.8) · OpenAI (organization, 0.95) · Bamboo Insurance (organization, 0.85) · venture-fund-performance (concept, 0.95) · cash-returns-gap (concept, 0.9) · Labor Day (event, 0.85) · United States (location, 0.9)
Classification
analysis · language en · status final
Provenance
claude-haiku-4-5 via @stacklist/mcp-server@2.0.0, confidence 0.85, 28 Sep 2026