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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.

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Left behind by this good news is the Nike Wmns Air Max 95 LX Lux Particle pink Pink Women Running AA1103-600 Sz 8, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

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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.

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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 Women's W Classic Cortez Leather, Soar Soar-White-Black, 8.5 M US,.

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There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.Nike Roshe Two Flyknit 365 Womens 861706-001 Grey Black Running shoes Size 8,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.WMNS NIKE AIR VAPORMAX 97 METALLIC DARK SEA-WHITE GREEN-BLACK SZ 7 (AO4542-901),.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

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

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Womens Nike Air Max 90 SP Sacai NikeLab Obsidian bluee Black SZ 7 (804550-440),.  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 Women's Vandal 2X Gym bluee Summit White Red AO2868 400 Size 8.5,.  However, it has been shown by others that the recent web high flyers are mostly concentratedAuthentic NIKE Presto Fly Oatmeal Beige 910569 100 Running shoes Women size,.

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

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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
Activity: Cross-Training, Running, Walking
Features: Lace-Up Style: Low Top
EUR Shoe Size (Women's): EUR 44 US Shoe Size (Women's): US 11.5
Color:

Red

Width: Medium (B, M)
Brand:

Nike

UK Shoe Size (Women's): UK 9
UPC:

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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.

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