Here is an interesting post that links to a bunch of other interesting posts.  It covers the emergence of VC “superfunds” that have been put together – and the performance numbers they’re now reliant on.

It turns out the huge funds haven’t performed all that well over the past 10 years and argues it may be time to downsize some of them to get back in line with how VCs operated in the past.

I thought that was interesting given the discussion on here to do with sub-ventures.  Maybe what we call a sub-venture now is really a decent-sized VC deal a dozen years ago.