Venture fund DPI at 1.18x for top decile, Nick Tomaino notes

Venture fund DPI at 1.18x for top decile, Nick Tomaino notes
DPI benchmark lags for 9-year funds

Nick Tomaino, founder and general partner at 1confirmation, draws attention to poor performance benchmarks for older venture capital funds. He notes that the top decile distributed to paid-in (DPI) ratio for a 9 year old venture fund stands at 1.18x, which he describes as terrible.

Tomaino provides net DPI figures for his firm: Fund I (2017) at 7.08x, Fund II (2019) at 3.25x, and Fund III (2022) at 0.19x.

Tomaino has previously commented on challenges facing the crypto space. In a recent analysis, he discussed the struggle for crypto advocates to balance authenticity and broad community appeal while avoiding perceptions of elitism, according to one of his earlier articles. This focus on transparency aligns with his recent public disclosure of 1confirmation’s performance metrics.

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