The end of venture capital's disclosure fight
The University of Texas' endowment recently made its first fund commitment to Sequoia Capital, which is among the top-performing venture capital firms of all time.
Why it matters: It is the final coda to venture capital's fight to prevent disclosure of its funds' performance, which raged in courtrooms and newspapers during the early aughts.
The backstory: VC fund returns once were held in strict confidence between general partners and limited partners. But then, beginning in 2002, ...