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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.

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Left behind by this good news is the Air Foamposite Pro Size 9.5 Nike Metallic gold Black-Black 624041-701, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

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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.

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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 Jordan 5 V Olympic gold Medal Men’s Size 8.5 (136027-133) Retro shoes’s,.

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There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.Nike Air Max 270 Mens BV2523-100 White Black Red Mesh Running shoes Size 9,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.2015 Nike Air Jordan Retro 4 Alternate 89 White shoes Size 11.5 Sold As Is ,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

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

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B7 NIKE LEBRON SOLDIER IX 9 LIMITED 810803 015 SZ 14 QUAI 54 LTMD BLACK SUMMIT,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.Nike Romaleos 3 Weightlifting Training shoes Men Size 11.5(852933-101)NEW W BOX,.

Pre-owned Mens Nike Air Jordan Retro 5 White Royal Basketball Sneakers 136027142,.  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 Vapormax Flyknit 2 Running shoes golden Beige 942842-203 Men's NEW,.  However, it has been shown by others that the recent web high flyers are mostly concentratedNike Air Jordan Men's Legacy 312 Black White AV3922 001 Sz US 13,.

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

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Item specifics

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

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