Tuesday, August 21, 2012

Madrona Tops Venture Returns List

Seattle-based Madrona popped up on a list of the top performing, Internet era funds yesterday, showing that--despite dismal overall returns from funds of the same vintage--the firm's Fund I has done quite well. The list, unearthed by Dan Primack over at Fortune, showed Madrona Fund I A (1999) had a distribution return of 171%, beating out other name brand funds from funds like Accel Partners, Benchmark, and others. The venture returns came anonymously from a fund-of-funds. Actual returns on investment in venture capital funds is normally fairly difficult to get to if you are not a limited partner, due to privacy and sensitivity to the subject at venture capital companies.