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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 90 PINNACLE Size 9 839612 500 Venice Pink, 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.WOMENS Nike Rosherun Woven 2.0 N7 Sz 7.5 6Y 700909 068 Holiday 2014 Collection,.

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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 Womens Classic Cortez Nylon Trainers 749864 Sneakers shoes 605,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike Zoom Elite 8 Womens,.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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Nike SF Air Force 1 MID Women's Mushroom Light Bone Champignon AA3966 200 Sz 12,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.Nike Max 2016 Gs 807237-600 Pink Volt Running shoes Womens 7 8 = Y 5.5 6.5,.

Nike Womens Free Rn Cmtr 2017 Prem Low Top Bungee, Cobblestone Black, Size 7.0,.  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 womens flex 2014 RN running trainers 642767 503 sneakers shoes,.  However, it has been shown by others that the recent web high flyers are mostly concentratedNike Air Huarache City Running Womens Wmns 9 shoes Black Grey Camo AR5387-001,.

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
Sole: Rubber
UPC:

Does not apply

MPN:

831511 008

Color:

Anthracite Cool Grey 008

Lining: Textile
US Shoe Size (Women's): US 2 Brand:

Nike

Fastening: Lace Up Material: Textile

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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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