PitchBook：2024年10年期风险投资基金的经济发展报告（英文版）

10 years has been the standard venture fund life term for decades, with little reason for change. As the market grew out of the GFC, companies in the private market remained private for longer, altering the more standard return timelines for VC funds. Today, unicorns account for almost two-thirds of VC market value, and nearly 40% of US unicorn companies are nine years old or older. Some of the industry’s biggest wins come from older unicorns. Uber and Roblox, for example, both took over eig