Nike Nike Nike WOMEN'S SF AF1 FORCE IS FEMALE SIZE 5 BRAND NEW Vintage Wine 7d1d08

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.

37 Womens Nike Air Max 98 shoes Barely pink Elemental Pink White 12 AH6799-600,

WOMENS NIKE AIR JORDAN 1 HIGH ZIP PARTICLE BEIGE SIZE 12 AQ3742 205,

Left behind by this good news is the Womens NIKE AIR ZOOM ULTRA RCT HC Tennis Trainers 859718 801, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

NIKE WMNS M2K TEKNO BLACK BLACK OFF WHITE WMNS Size 12 Mens Size 10.5,

Nike Nike Nike WOMEN'S SF AF1 FORCE IS FEMALE SIZE 5 BRAND NEW Vintage Wine 7d1d08Nike Nike Nike WOMEN'S SF AF1 FORCE IS FEMALE SIZE 5 BRAND NEW Vintage Wine 7d1d08Nike Nike Nike WOMEN'S SF AF1 FORCE IS FEMALE SIZE 5 BRAND NEW Vintage Wine 7d1d08Nike Nike Nike WOMEN'S SF AF1 FORCE IS FEMALE SIZE 5 BRAND NEW Vintage Wine 7d1d08

WMNS NIKE AIR FORCE 1 HI PRM BLACK GUM BROWN BASTKEBALL ( 654440 009 ) SIZE 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 Wmns Air Jordan 1 Retro Hi PREM I Premium Zip AJ1 Women shoes Pick 1,

Size 6.5 Nike Women AIR HUARACHE RUN ULTRA BREATHE RUNNING SHOES 833292 400 bluee,

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.(P) 333888 002 Nike Air Max 90 Medium Grey Men's SZ 8,.

New Women's Nike Air Max Plus LX Gunsmoke Grey AH6788-001 Size 9,

NIKE AIR MAX ZERO ESSENTIAL BLACK RUNNING SHOES ( 881229 007 ) Size 6.5Y = W 8,

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.NIKE Flyknit Racer 526628-022 Sneakers Trainers US 6.5 Grey Green,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike Presto Running Sport shoes Trainers Run Sneaker black 833875 400 WOW SALE,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

WOMEN 2008 NIKE BLAZER HIGH ZODIAC SIGN CANCER DOLL PURPLE GREY purple PEWTER 6,.

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

NIKE WOMENS AIR HUARACHE RUN SZ 5.5 BARLEY VOLT WHITE GUM 634835 702,

Nike Shox PINK WORE ONCE Size 7Y WOMENS SZ 8.5,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.NIKE Womens Nike Downshifter 7 Wide 881585-001 COOL GREY Size 8.5,.

Nike Womens Air Max 90 Ultra PRM Running Trainers 859522 100 Sneakers shoes,.  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.Womens NIKE ZOOM FIT AGILITY Trainers 684984 006,.  However, it has been shown by others that the recent web high flyers are mostly concentratedWMNS Nike Air Jordan 1 Retro High Rebel XX SZ 9 Off White AJ1 AO1530-100,.

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

  1. NIKE Air Max 720 AR9293-003 Black New Authentic Womens shoes Sneakers Running, Nike Women's AIR MAX 1 Premium Sz 7 Purple 454746-501 NEW MSRP 130,  
  2. NIKE WOMENS HUARACHE RUN 634835-027 OLIVE STUCCO DARK GREY GIRLS NEW AIR PRESTO,Women's Brand New Air Max 97 SE Athletic Fashion Sneakers [AQ4137 001],NIKE WOMEN CLASSIC CORTEZ PREMIUM SHOES AR5696-003,
  3. Nike Womens Dualtone Racer Se Low Top Lace Up Running Sneaker,

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
Style: High Top
Color:

Vintage Wine

US Shoe Size (Women's): 5
Brand:

Nike

UPC:

Does not apply

NIKE AIR MAX FURY REFLECTIVE RUNNING SHOES MEN'S size 11, We think that there are a few reasons:

  1. Nike Air Max 90 Ultra 2.0 Flyknit Womens 881109-002 Black Running shoes Size 8, – NIKE SHOX SHOESGREY RED SIZE 6Y WOMENS SZ 7.5,
  2. Nike Flex Experience RN 7 Womens 908996-006 Black Pink Running shoes Size 7.5, – Nike 306779 031 Womens 8.5 Running shoes Grey Neutral Norimax Nike Air Rift,Nike Free 5.0 Running Women's shoes Size 5,
  3. NIKE AIR MAX 1 ULTRA SE SHOES LIGHT BONE pink gold WHITE BRAND NEW (861711 001),–  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 Womens Nike Flex Supreme Tr 6 909014-003 GUNSMOKE Size 6.5, – Nike W Air Max 270 Summit White Midnight Navy Classic Running shoes AH6789-106,
  5. Women's Nike Air Max 95 Running Desert Sand Metallic gold Size 9.5 AV8428 001, – NIKE W Blazer Mid Rebel Womens Bq4022-200 Size 10,Nike Tanjun SE Womens 844908-010 Pure Platinum Red Crush Running shoes Size 10,

WMNS NIKE FLYKNIT MAX HYPER PUNCH-BLACK-BRIGHT MANGO PINK SZ 8.5 [620659-601],

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.

Womens Nike Air Max Grey Green Yellow Sz 8Just Reduced ,

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