Key Takeaways:

1) Performance Data: Venture capital funds have shown a varied performance, with significant fluctuations across different vintage years.

2) VC Fundraising Trends: Commitments to U.S. venture capital partnerships have remained relatively stable as a percentage of overall stock market capitalization, typically ranging between 0.10% and 0.20%.

3) What VCs Do: VCs are not just passive investors; they are actively involved in sourcing deals, selecting which startups to invest in, structuring deals, and adding post-investment value.