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Nicole DeTommaso points to new data showing that emerging managers have outperformed in venture capital over the past ten years. According to DeTommaso, more than half (55%) of top decile venture capital funds in the last ten years have been Fund I vehicles, and 73% have been either Fund I or Fund II. She adds that most top performing funds are also smaller in size.
DeTommaso has previously discussed the influence of new AI-driven wealth in venture capital, noting that emerging operators are funding each other at growing rates, according to recent commentary. She has also advised founders to establish venture capital relationships early, rather than waiting until the fundraising process begins, as highlighted in a separate article. These observations come as fund structure and strategic timing gain attention among emerging managers.