Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5

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.

AIR JORDAN 1 RETRO HIGH OG “Sports Illustrated” 555088-015 (Men) 575441-015 (GS),

Size 10.5 Nike Air Jordan XXX1 31 Supernova 845037 400 Men Galaxy Purple MJ23,

Left behind by this good news is the Nike Air Jordan V 5 Retro Mens Size 12 White Silver Metallic 136027-130, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

Nike LeBron 11 Mark 6 Iron Man Size 9.5,

Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5Nike Air Max 90 NIC International International International Flag Size 7 AO5119 100 World Cup ac1dd5

2012 Nike Air Jordan VII 7 Retro Flight RAPTOR Sz 8,.

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 React Element 87 Sz 8 Black Midnight Navy Neptune Green 100% Authentic,

NIKE Men's Kyrie 4 DOTD TV PE 1 Basketball shoes CI0278 800 size 9 New in box,

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.05 Nike Air Force 1 Mid Premium 310277 222,.

Nike Epic React Multi-color AT6162-001 Flyknit 100%AUTHENTIC Men Running shoes,

NIKE AIR MAX 98 AOP WHITE TEAM orange-BLACK SIZE MEN'S 7.5 [AQ4130-100],

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.Nike Kyrie 4 Year of the Monkey YOTM The Creator Grey Sz 8-13 NEW 943806-011,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike Air Footscape Woven Chukka SE Mens 857874-002 Dark Grey Tan shoes Size 11.5,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

Nike Air Force 1 High '07 Black White SZ 13 (315121-031) Rare Exclusive,.

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 ),

NIKE ZOOM VOMERO 5 SP ANTHRACITE BLACK BV1358-002,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.Nike Air Foamposite Pro Electric Green 7,.

Nike Air Jordan Retro I 1 Mid Multi-color Men Women GS Size Style 554724-125,.  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 LEBRON XIII 13 ELITE LIMITED GREY 11.5 ALL STAR BHM XMAS CHAMPIONSHIP WTL,.  However, it has been shown by others that the recent web high flyers are mostly concentratedNike Max Lebron XI Low collection - 683256 064,.

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

  1. NIKE LeBron 13 All Star Basketball shoes 835659-309 Green Black Mens Sz 10, Nike Men Air Zoom Structure 21 Running shoes Deep bluee 904695-401 US7-11 04',  
  2. Nike Air Force 1 Low Retro LA UNDFTD Lakers White gold 845053-103 Men Size 10.5,DS Men's NIKE SOCK DART iD 'Heathered EM' SZ 10 [880957 992],Nike Lebron 12 AS All Star - 742549 190,
  3. NIKE FLYKNIT TRAINER SUNSET TINT-BLACK-WHITE MEN SZ 8 WMNS 9.5 [AH8396-600],

Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand:

Nike

Style: Athletic Sneakers Product Line: Nike Air
US Shoe Size (Men's): 7 Model:

Nike Air Max 90

Color:

White

MENS 2007 Air Jordan Melo M4 sz13 black metallic gold original box, We think that there are a few reasons:

  1. Nike Vapor Street Flyknit Triple Black Anthracite Grey (AQ1763 001) Size 11.5, – Men’s Nike Air Jordan 12 Retro Low Black Max orange 308317-003 Size 13 NOBOXTOP,
  2. Nike Lebron Soldier IX 9 Basketball shoes UNC North Carolina 813264 442 Sz 15.5, – NIKE AIR MAX 1 PREMIUM SC WHITE-BLACK SZ 11.5 [918354-103],Nike React Element 87 - Royal Tint (U.S. Men’s Size 9),
  3. Nike Lebron XIV 14 Low Mens 878636-003 Dark Stucco Basketball shoes Size 11.5,–  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 TRAINER SC III PRM QS Misura 44 (10US), – Nike Dunk High Premium SB Mork and Mindy Varsity Red Chrome Size 12 (313171 002,
  5. 742549-190 Nike Men LeBron XII All Star white black green, – Nike Air Jordan 12 Low Retro 'Wolf Grey' 308317-002 Size 17-18,NEW Size 13 Nike Air Jordan Jumpman Team II 2 shoes 819175 601 Red White 7,

NIKE AIR JORDAN Racer 88 Cement White Black Red 3 AJ3 RF Retro NRG JTH Vapor 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.

Nike Air Huarache 318429-413 men lifestyle casual obsidian Men's shoes Size 9.5,

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