Definition
The typical 10-year lifespan of a venture capital fund from raising money to returning capital to LPs, with investment happening in years 1-5 and exits in years 5-10. It's why your VC keeps asking about your exit timeline.
Example Usage
Their fund is in year 8 of its lifecycle, so they're pushing all portfolio companies toward exits to generate returns.
Origin
Private equity and venture capital fund structuring standards
Fun Fact
Fund lifecycles explain why VCs can't wait forever for your moonshot—their LPs want their money back, preferably with gains.
Source: Private equity and venture capital fund structures
Related Terms
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See “fund lifecycle” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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