Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum 170 5b5263

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.

NIB Womens Nike Juvenate Sneaker Black Black 724979-010 Sz 9.5,

Womens NIKE AIR MAX 97 PRM Ridgerock Mink Camo Future Forward 917646 201,

Left behind by this good news is the Womens NIKE AIR MAX 90 ULTRA 2.0 FK MRLC Black Trainers 881563 001, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

Nike Wmns Air Max 1 Premium Women New Guava Ice Lifestyle Sneakers 454746-800,

Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263Nike Air Max 95 SE PRM Special Edition AH8697-002 Women's Women's Women's US 7.5 Platinum  170 5b5263

NIIKE SHOX WOMENS SHOES SIZE 6.5,.

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 Free 5.0 Tr Fit 4 Team Women's shoes Size 10,

NIKE Flex 2016 RN Size 9.5,

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.Nike W Air Max 97 921733-013 DESERT SAND Beige pink gold,.

Nike Tanjun 812655004 black halfshoes,

NIKE AIR MAX 95 PREMIUM ANIMAL CD0180-200 DESERT ORE VOLT GLOW BLACK LEOPARD,

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.Nike Air Max 97 Ultra '17 PRM 'Splatter' AO2325-002​ Women's Size 8 = Men's 6.5,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.2013 Womens Nike Free Flyknit OG Fireberry White Pink Run Sz 9 (615806-610),.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

NIKE Women's Free Rn Distance 2 Cool Grey Black Wolf Grey Running shoes 8.5 US,.

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

7 WOMEN'S Nike Air Max Invigor Mid Purple Black white 90 95 97 270 casual shoes,

Nike Air Presto Women’s Running shoes Size 7 Guava Ice White 878068-803,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.Wmns Nike Presto Fly Summit White Anthracite Women Running shoes 910569-104,.

NIKE FREE Run 3+ PLUS 5.0 Womens Vivid orange LX Liu Xiang 510776 840,.  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.[683818-004] NIKE AIR HUARACHE RUN PREMIUM WMNS WOMENS SNEAKERS NIKEANTHRACITEM,.  However, it has been shown by others that the recent web high flyers are mostly concentratedNike Air Max 90 EZ in Desert Sand Women's Size 7.5,.

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

  1. Nike Women's W Zoom Modairna 880884-001 Black Black Anthracite Sneaker shoes, Nike Womens Air Zoom Vomero 11 Running Trainers 818100 Sneakers shoes 301,  
  2. NIKE WOMENS AIR FORCE 1 HI FW QS SHOES SIZE 9 SHANGHAI BURGUNDY FASHION WEEK,NIKE Women Air Max 270 Flyknit Black White Oreo AH6803 001 - Women 10 Men 8.5,NIKE Women's Roshe Two Flyknit 365 Sneaker shoes,
  3. NIKE W Nike Flex Trainer 7 898479-100 WHITE Size 11,

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

Style: Running Shoes Product Line: Nike Air Max
EUR Shoe Size (Women's): EUR 38.5 Model:

Nike Air Max 95

Features: Air Cushion, Lace-Up US Shoe Size (Women's): US 7.5
Color:

Multi-Color

UK Shoe Size (Women's): UK 5
UPC:

Does not apply

Nike Womens Air Max 1 Joker Grape 319986-115 Emerald Wolf Grey sz 7 AM1, We think that there are a few reasons:

  1. Nike Air Max 90 Ultra 2.0 Breathe Casual Still Polarized bluee 917523 400 Size 8, – NIKE Women's Air Huarache Run Ultra Industrial bluee Midnight Navy 819151-403 ...,
  2. AIR FORCE 1 AF1 UPSTEP LX WHITE-RED SZ 5 AIR FORCE IS FEMALE [898421-101], – Nike 100% Authentic WMNS ROSHERUN (Sz8.5 )Black SAIL 511882-003 Yeezy,NIKE Womens Nike Free Rn 2018 Sun AH5208-001 VAST GREY SUMMIT WHITE Size 8.5,
  3. New Nike Flyknit Chukka Sz 6.5 WMNS 37.5 Trainer FSB Crimson 805093-603 Red,–  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 AIR HUARACHE RUN PRINT RUNNING TRAINER SHOE UK Size 4.5 - 6 RUNNER, – Women's Nike Hyperdunk X 2018 High White Silver Ice Sz 11 AO7893-101 Basketball,
  5. W NIKE AIR FORCE ONE AF 1 UPSTEP LX [898421 001] UPTOWN OFF WHITE NOISE SZ 5, – Nike MD Runner 2 749869-001 Women's Sneakers,Nike Air Huarache Run PRM Sz 5 Croc Print Oatmeal Khaki Sail Gum 683818-102,

Nike Air Max 1 Womens 319986-035 Vast Grey Habablack Red Running shoes Size 7.5,

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 Max 270 Flyknit Women’s Sz 12 AH6803-100 Pure Platinum Running shoes,

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