Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822

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 Air More Money LX AJ1312 002 NO BOX TOP Women's 12 comparable to Men's 10.5,

Nike Air Max 90 Ultra Essential Wmn Size 11 724981-004 Wolfgrey orange,

Left behind by this good news is the NWT Nike Air Max Thea Ultra Prm Casual Black Sneakers Women's shoes Size 7.5, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

WMNS Nike Air Force 1 High LT LTHR SZ 9 Total orange White Black BQ7945-800,

Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822Nike Wmns Tessen Tessen Tessen Particle pink Black White Women Running shoes Sneaker AA2172-601 440822

New Nike Women Air Max,.

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 WMNS SZ. 7.5 NIKE AIR MAX 270 (AH6789 008) BLACK IGLOO-HYPER TURQ-WHITE,

Nike City Trainer 2 Womens AA7775-006 Grey Pink Cross Training shoes Size 6.5,

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.Womens NIKE FREE RN Hyper purple Textile Running Trainers 831509 500,.

Nike Womens Blazer Low Le Trainers Aa3961 Sneakers shoes 104,

Nike WMNS Dunk Sky Hi SNKRBT 2.0 sz 7 USED Sneakerboot Womens,

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.WMNS NIKE AIR MAX 98 WHITE-BLACK-GYM RED SZ 6 VALENTINES DAY [AH6799-101],.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.NIKE Womens Nike Free Tr 8 942888-003 PURE PLATINUM Womens Size 10.5,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

Nike Women Air Max Zero LOTC QS TOKYO Sz US 10.5 Mens Sz 9 [847125 600],.

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

Girl's Nike basketball shoes size 5.5,

Nike Air Huarache City Womens AH6787-103 Sail Menta bluee Athletic shoes Size 6.5,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.Womens nike lunarepic low flyknit shoes size 9.5,.

NIKE Women's Free RN Flyknit 2017 - Work bluee Dark Obsidian - Size 11.5 - NEW,.  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 Max 1 Ultra Moire Running Women's shoes,.  However, it has been shown by others that the recent web high flyers are mostly concentratedNike Women's Air Max Estrea ar5186-200,.

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

  1. Nike Huarache Run Ultra Women's shoes Size 12, Nike Air Huarache Run Grey Sail Womens US Size 7.5,  
  2. NEW Nike Zoom Pegasus 32 - Running, Cross Training (Women's Multiple Sizes),Nike Wmns Classic Cortez Nylon Epic Ultra Womens Retro Running shoes Pick 1,NIKE Womens Nike Downshifter 8 908994-005 LIGHT CARBON Size 6.5,
  3. NIKE AIR MAX 95 PREMIUM 807443 002 Black Anthracite Metallic Wmn Sz 7.5,

New Nike BQ3195 001 Air Jordan 3 III Retro Vogue Awok Anna Wintour WOMEN SZ 8.5, We think that there are a few reasons:

  1. Nike Wmns Metcon DSX Flyknit 2 Cross Training Womens shoes Navy 924595-404, – Nike WMNS Revolution 4 [908999-016] Women Running shoes Platinum Sunset Pulse,
  2. Womens NIKE AIR MAX JEWELL PRM White Trainers 904576 100, – Nike Air Max Sequent 3 GS Grey Pink Youth Kids Womens Running shoes 922885-003,NIKE AIR HUARACHE PREMIUM METALLIC WMNS SAMPLE SIZE 7 AA0523-200,
  3. NIKE WOMEN'S FREE RUNNING MOTION FLYKNIT SHOES SIZE 8.5 FREE SHIPPING NEW,–  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 Nike Free Run 2017 Womens Gym bluee Running Trainer shoes Size 5.5 6 7 New, – NIKE AIR ZOOM STRUCTURE 20 WOMEN'S RUNNINGSHOE GREEN WHITE 849577 300 SIZE 11.5,
  5. W nike size 8 exp-x14 AO3170001 new in box, – 819639-401 Women's Nike Air Max Thea Textile shoes Obsidian Coastal bluee Smmt Wht,[917646 007] NEW WOMEN'S Sz 8 NIKE AIR MAX 97 PRM BLACK SPRUCE AURA BLA,

Nike free TR flyknit 3 Training shoes,

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 Wmns Roshe One PRM Running Womens shoes NWOB 833928-009,

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