Market Timing in Venture Capital: Evidence from a Quantitative Analysis of U.S. Deals
This study investigates the role of macroeconomic and financial market conditions at the time of entry and exit in shaping the performance of venture capital investments. Using a hand-collected dataset of 130 U.S.-based VC-backed deals from 2015 to 2024. The analysis links deal-level returns to contemporaneous macroeconomic indicators, including GDP growth, interest rates, NASDAQ returns, and IPO
