Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375

Posted July 11th, 2011 in Exits IPOs M&As, VC-backed Biotech Returns
  • Share via Twitter
  • Men's Nike Air Foamposite One Metallic Copper gold Size 11 314996-007 Fresh,
  • Share via Facebook
  • Nike Air Jordan 4 Retro “Motorsports” IV White Royal bluee Worn Once With Box,
  • Share via LinkedIn
  • Nike ACG Ruckel Ridge Clay Green Sneaker Boot AQ9333-900 Outdoor Uni shoes NIB,
  • Nike Air Max 97 UL ‘17 Triple Black Sizes 7-11 918356-002,

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.

Nike Air Foamposite One Concord Size 13 314996-005 Black White,

Nike Air Jordan 32 XXXII Low Win Like ’96 Bred Black & Red Sz 9.5 NEW AA1256 603,

Left behind by this good news is the {865031-209} MEN'S NIKE AIR MAX GOADOME BOOT Medium Olive NEW, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

Men’s Nike Kyrie 3 BHM Size 13 New&Real,

Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375Nike Air Max 95 Cool Grey Photo bluee Black Black Black White Mens Size 13 609048-034 2010 63f375

Nike Zoom Kobe 2 II Carpe Diem Sneaker '06 Mamba Multi Men 12 Athletic Laker EUC,.

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 Men's Air Jordan 5 Retro Camo Dark Stucco University Red 136027-051 Size 10,

NIKE SB DUNK HIGH TRD QS BLACK SHEEP WOOL SUMMIT WHITE SZ 7.5 [881758-110],

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 Plus GPX Prem SP Size,.

Nike Air Max 97 QS B-Sides Black Metallic gold 7-15 AT5458-002 100% Authentic,

Nike Air Jordan Retro VI 6 Black Cat 384664-020 Mens size 14,

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.2004 NIKE DUNK LOW PRO SB ST. PATTY Supreme Brazil Flash hulk,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike Air Jordan 13 Retro “Squadron bluee” Yellow-Black 414571-405 Size 14 NO BOX,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

DS WMNS NIKE AIR MAX 1 WHITE BLACK 10.5 MENS 9 atmos 87 flyknit vapormax presto,.

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

2018 NIKE FLYKNIT TRAINER BLACK WHITE OREO SZ 4 MENS OR 5.5 WOMENS [AH8396 005],

Nike Lunar Force One 1 Duck Boot size 8.5. Black Gum. boots 805899-003.,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.Nike Air Pippen 1 Black Size 10.5 US Mens Athletic Running shoes Casual Sneakers,.

Nike Lebron Soldier XI NEW 897644-005 black white - deep royal bluee,.  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 Flightposite Dark Neon Royal Men Size 11.5 2018 Release New ,.  However, it has been shown by others that the recent web high flyers are mostly concentratedMens Nike Air Vapormax 2019 SZ 11 Club gold Light Cream Crimson Red AR6631-701,.

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

  1. NIKE Air VaporMax 2019 AR6631-002 Black Metallic gold Black Mens shoes, Nike Air Max 90 Premium SE Varsity Mens 858954-600 Red Running shoes Size 11,  
  2. RARE Nike Air Trainer 1 Mid SP Fragment White Chlgoldphyll Sz 10.5 806942-113,NIKE AIR MAX LEBRON VII 7 CHRISTMAS 375664-600 RED ALL STAR MVP SZ 8,Nike Air Jordan Retro I Joker Black Electric Green Purple Size 9.5 136065 021 XI,
  3. Nike Air Force 1 Low - Navy bluee & White With Yellow & Red - Men 7-11 EXCLUSIVE,

Nike Air Huarache Black LE, Limited Edition, Size 7 UK Triple Black Rare , We think that there are a few reasons:

  1. NIKE MENS LEGEND REACT BLACK SHOES 2018 FREE POST AUSTRALIA, – NEW - Nike x Carhartt WIP Air Force 1 - UK10 US11 EU45 - RETAIL PRICE ,
  2. Nike Air Max Plus QS All Over Print Black Yellow shoes 903827-002 Men's Size 7, – Air Jordan Retro 1 Mid Premium Team orange Black Crimson Tint 852542 800,Nike Air Jordan 8 Retro Take Flight NDS- Men’s 9.5,
  3. 2016 Nike Air Jordan Retro 3 OG True bluee 2016 Release Basketball shoes Size 13,–  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 Air Jordan Retro 15 XV PSNY Mens 9 Medium Olive Green Public School AO2568, – Nike Zoom LeBron VI 346526 001 Size 8.5,
  5. 2013 Nike LUNAR FORCE 1 FUSE QS EASTER EGG orange SOLE Sz 12 WHITE 614491-100, – Nike Air Max Plus Breeze TN 1 Tuned Men's shoes Trooper White,Nike Air Max 90 1 White Neutral Grey-Black (AJ7695 104),

Nike Air Force 1 Low NYC Editions Procell Canvas - Size 11.5,

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.

325018 107 Nike Air Max 90 2010 Infrared Men's SZ 8 hot lava volt supreme 3,

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