Nike Air More Money Black Metallic Metallic Metallic Silver-Black (AJ2998 002) 2d63cb

Posted July 11th, 2011 in Exits IPOs M&As, VC-backed Biotech Returns

Note to Readers: This blog post was co-written by Bruce Booth and Bijan Salehizadehwho co-authored an article in the July 2011 issue of Nature Biotechnologydetailing the differences in returns between Life Sciences and Tech investing.



Left behind by this good news is the Nike Lebron XII 12 200 CLEVE WITNESS orange NEW JORdan 684593 830 Cavs sz 14 xi, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

Brand New Nike Air Max 95 Sneakerboot Triple Black Anthracite Size 7 806809-001,

Nike Flyknit Trainer Men's Black Black A8396004,.

As we outline in our paper in the July issue of Nature Biotechnology, LS venture investing dramatically outperformed Tech venture investing over the past decade.

Nike Zoom KOBE X 10 5 AM FLIGHT blueE LAGOON BLACK VAPOR GREEN RED 705317-403 8,

NIKE Men's LF1 Duckboot Low PRM, Black SIZE 11.5,

Overall Life Sciences/Healthcare venture realized gross pooled mean IRR was 15.0% for the past decade.  This is in contrast to 5.5% for all of venture capital, 3.0% for IT and 4.1% for Software.Nike Air Max 180 White Bright Ceramic (615287 101),.

Nike Air Vapormax Run Utility Olive Sz 8 [AQ8810-201],

NIKE Men's Jordan Formula 23, Black Max orange SIZE 10.5,

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.Mens Nike Shox NZ EU Sneakers New, White Black 501524-106 NEW IN BOX,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike Air Trainer 1.3 Max Breathe MP “Manny Pacquiao” Size 10.5,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

Nike Air Max Uptempo 97 Basketball Black White Pippen Retro 399207-004 Sz 10.5,.

But, as one would expect, not all of the news for Life Sciences is rosy:

Nike Air Jordan 6 VI Retro White Sport bluee Black SZ 17 ( 384664-107 ),

Supreme Nike Air Streak Spectrum Size 10,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.NIKE AIR FORCE ONE AF1 LOW CMFT PREMIUM PRM QS TROPHY PACK SZ. 12 573974-100,.

AIR JORDAN 1 RE HI FLYKNIT BHM AA2426-026 Black Lucid Green University Red Men,.  IPOs are media darlings, and help create buzz about sectors.  In LS, we aren’t likely to have that type of buzz anytime soon.

Our data and analysis of course has some short-comings.Nike Air Jordan 11 72 -10,.  However, it has been shown by others that the recent web high flyers are mostly concentratedNike PG 2.5 Playstation size 11.5,.

Some of you who follow venture returns data may be asking some questions:

  1. Nike Mens Lunarfly Athletic shoes Crimson Red Black 644395-600 Lunarlon Sze 10.5, 2018 Nike Air Vapormax FK Utility SZ 10 Moon Particle Black White AH6834-201,  
  2. Nike NikeLab Zoom Fly SP Running shoes Sepia Stone AA3172-201 Men’s Size 10.5,1808 Nike Free RN Commuter 2018 Men's Training Running shoes AA1620-001,NIKE FLYKNIT RACER NEW ALL-WHITE [ 526628-100 ] US MEN SZ 11.5 WMNS 13,
  3. Authentic Nike Air Jordan Retro 3 III Sport bluee Cement 11,

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Style: Athletic Sneakers


Material: Synthetic
Product Line: Nike Air Color:

Black/Metallic Silver-Black

Upper Material: Synthetic

Nike Air Jordan Legacy 312 NRG SZ 9 White Black Volt Vivid bluee AQ4160-107, We think that there are a few reasons:

  1. Nike Air Vapormax Plus White bluee Force - bluee Fury 924453-104 Men size 11, – Nike Air Zoom Structure 20 Black White-Grey-Pure Platinum Running 849576-003,
  2. Nike Air KD Vii Elite Sz 16.5 PE promo Kevin Durant OKC MVP sample rare og vtg, – Nike Air Max 97 Dolphins Rainforest Green orange Running Men Size 11 921826-300,NIKE LeBron James XIII RUBBER CITY 807219-003 Men’s size 11.5,
  3. Nike Lebron 9 Swingman Size 11 2011,–  Unlike IT where 100x returns are possible and have driven great outcomes in companies like Skype and Google, and will most likely in Zynga and Facebook, Life Sciences never will have these wild “Black Swan” outliers.. These 100x’ers are the companies that draw press attention, new talent, and more capital into the IT space.
  4. NIKE ID AIR MAX 2017 US MEN SZ 10 [ 918091-992 ] PURPLE-CORAL OMBRÉ, – NIKE Air Jordan 8 Retro Aqua 2015 Men's Black Lace Up Hi-Top Trainer shoes UK11,
  5. Nike Air Jordan XIII 13 Retro (2012) Bred GS Sz. 5.5, – Nike Air Lupinek Flyknit ACG SP SFB NikeLab Winter Black White Boots 826077 002,Mens Nike Zoom KD10 843392-010 Black White Brand New Size 12,

Nike Air Huarache Run Premium Mens 704830-012 gold Purple Running shoes Size 8.5,

To get all of the numbers and the full commentary, please head over to the Nature website.

For simplicity’s sake, in this post, we use the term Life Sciences to cover all of Healthcare venture capital investing and the term IT/Tech to cover all Information technology, Internet/Software, and Hardware related categories.


This entry was posted in Exits IPOs M&As, VC-backed Biotech Returns. Bookmark the permalink.