This is a really important insight as you read this study. We are starting to collect unrealized and realized IRR data from funds, and I hope we will be able to provide a more performance-based index ranking soon.
VC A: "How's it going?"
VC B: "We're crushing it, our portfolio is out of control successful."
VC A: "Really? I was thinking you might be looking for a new line of business based on what I read ..."
:-)