NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215

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.

NIKE Womens Nike Tanjun 812655-604 TEAM RED WHITE Womens Size 11,

Air Vandal 2K Platform MAGENTA PINK Off White high heel AO2868-500 WMN 6.5,7.5,9,

Left behind by this good news is the Nike Studio Wrap Pack 2 PRT Women Footwear System purple Purple 646696 500, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

Nike womens zoom fit running trainers 704658 002 sneakers shoes,

NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215NIKE WMNS ACG ACG ACG LUPINEK FLYKNIT SNEAKERBOOT KHAKI 862512 200 US WMNS SZ 8 605215

Nike free TR Focus flyknit womens trainers 844817 100 eu 40 us 8.5 NEW+BOX,.

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.

New Nike Air Huarache Run Premium pink Pink Women Size 6 Running shoes 83818-602,

Nike WMNS Metcon 3 AMP 849807-100 Workout Gym Training Crossfit shoes White gold,

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 1 Ultra 2.0 Womens 881104-004 Pale Grey White Running shoes Sz 9.5,.

Womens Nike AIR MAX 90 Running shoes Laser Pink 325213 136 -Sz 8 -New,

High Top Air 1 White Size 7.5 Woman Brand New Great Condition,

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.NIKE WOMEN AIR FORCE 1 07 SE AA0287-201,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike SF Special Field Air Force 1 Boots Grey Light Bone Gum Strap Womens Size 8,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

NEW Sz 6.5 Women’s Nike Air Huarache City Bleached Aqua Black AH6787-400 140,.

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

Nike Air Max Thea Ultra FK Flyknit Pink bluee Women Running shoes 881175-100 Sz 1,

NEW Sz 10.5 WOMEN Nike Metcon 3 AMP Legion Green Melon Training Cross 849808-300,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.WMNS NIKE SOCK DART SE DARK LODEN- gold LEAF SZ 7 [862412-300],.

Nike Air Max 97 SE Womens AQ4137-001 Metallic gold Grey Running shoes Size 7,.  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.WMNS NIKE CORTEZ PREMIUM ID BROWN-WHITE SZ 10 [AQ4694-992],.  However, it has been shown by others that the recent web high flyers are mostly concentratedNike Womens Flex 2016 RN Running Trainers 830751 Sneakers shoes 010,.

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

  1. Nike Air Max 90 Ultra BR 725061-500 us 7-8, Nike Women's Roshe One Premium shoes (7.5, Purple gold),  
  2. NIKE Womens Nike Reax Run 5 407987-116 WHITE Size 9,Nike Air Zoom Pegasus 35 Womens 942855-006 Gridiron Pink Running shoes Size 10,Nike Free RN 2018 T-Shirt Running shoes AQ7509 104 WMNS SZ 7.5 NO BOX TOP,
  3. Nike Wmns Air Force 1 Mid 07 LE AF1 White Women Casual shoes Sneakers 366731-100,

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
Brand:

Nike

Color:

KHAKI

Style: ACG LUPINEK FLYKNIT SNEAKERBOOT SAMPLE KHAKI
US Shoe Size (Women's): 8 UPC:

823233759596

Womens NIKE ORIVE PRINT Cool Grey Trainers 749985 010, We think that there are a few reasons:

  1. Nike Wmns Air Vapormax Flyknit 2 II Black Multi-color Women shoes 942843-015, – Women Nike Air Max 95 LX AA1103-100 Size 7.5 open box,
  2. NIKE WMNS AIR VAPORMAX FLYKNIT MOC 2 AJ6599-201 TERRA blueSH BLACK RED YELLOW, – NIKE Nike Metcon Dsx Flyknit 2 Crossfit 924595-001 BLACK WHITE Womens shoes,1808 Nike Free RN Commuter 2018 Women's Training Running shoes AA1621-100,
  3. WMNS NIKE AIR MAX 1 ULTRA 2.0 BLACK-HEMATITE-BLACK SZ 6 [881104-002],–  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 Blazer Mid Rebel Yellow Ochre Black White BQ4022-700 Women’s Size 8, – Nike Women's Lunarepic Flyknit Bright Crimson Running Training shoes Size 9,
  5. Nike WMNS Internationalist QS [695754-100] NSW Running Nagoya Marathon White, – NIKE Women's WMNS AF1 Jester XX, White University RED, 7 US,Nike Wmns Zoom Winflo 5 Obsidian Navy White Womens Running shoes AA7414-401,

NIKE AIR MAX 1 QS FLORAL BLACK SILT RED-SUMMIT WHITE WOMENS SIZE 6.5 633737-003,

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 Roshe Two Flyknit Women's Running shoes,

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