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709 Venture Capitalists Turn to Novel Methods to Return Cash

The Information
Kate Clark @ The Information · 09/13/2024 09:00 EDT

In 2022, not long after the window for initial public offerings slammed shut, European early-stage investment firm Speedinvest hired someone who informally began using a wonky new job title. The firm’s self-styled “head of DPI” is in charge of making sure the distributed to paid-in capital ratio—a measurement of the cash the firm has returned to investors—is as strong as possible.

While venture capital firms have long paid attention to their DPI, the metric has become increasingly important. That’s because

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