2013 Nike Air Jordan 12 XII Retro Retro Retro Gamma Size 12. 130690-027 1 2 3 4 5 6 911cf5

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 ZOOM GENERATION 2003 308214-771 wheat wheat-gold Size 12,

NEW Nike Zoom Celar 5 Track and Field Spikes Black White Size 10 Mens 629226-017,

Left behind by this good news is the 2001 NIKE AIR JORDAN 1 RETRO BRED Sz 11.5, which according to PWCMoneyTree / NVCA data accounted for nearly 30% of the $21 billion invested in venture-backed companies in 2010.

NEW Nike Zoom Kobe 4 IV POP sz 11.5 Finals White Concord Purple gold 344335-171,

2013 Nike Air Jordan 12 XII Retro Retro Retro Gamma Size 12. 130690-027 1 2 3 4 5 6 911cf52013 Nike Air Jordan 12 XII Retro Retro Retro Gamma Size 12. 130690-027 1 2 3 4 5 6 911cf5

Nike Zoom Mens JA FLY 3 OC Rio Track & Field Spikes Volt Size 13 (882032-999),.

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 AUTHENTIC NIKE AIR JORDAN 5 RETRO PREMIUM BORDEAUX MEN'S US 9.5 400,

Men 9.5Us Nike Dunk Low Pro Sb Carhartt,

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 LeBron 12 XII NikeID Back To The Future Air Mag Size 12 DS,.

NWT Supreme Comme des Garcons Nike Air Force 1 CDG Black Split Logo 9 AUTHENTIC,

NIKE ZOOM KD IV 4 Christmas XMAS Bronze Copper Cookie Cutter Nerf Lebron Jordan,

There’s a perception that lots of Life Sciences deals lose money.  It’s true.  58% returned less than their invested capital.Nike Air Foamposite One Stealth Black Size 9.5 Mens 2012 New In Box,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike Airmax Penny 4 Size 11.5,.g.,. top 1% of Tech deals almost certainly have higher multiples than LS).

2012 Nike AIR JORDAN 4 RETRO BRED 9 10 11 BLACK CEMENT RED aj4 playoff,.

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

USED MENS NIKE AIR JORDAN V 5 RETRO SHANGHAI SHEN 136027 089 SZ 10 FREE SHIP,

NIKE Men's Kobe A.D. NXT 360 Basketball shoes (10.5, White Multi),..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.MENS NIKE AIR MAX IVO RUNNING SHOES SIZE 15 GREY MAROON BLACK WHITE 580518 013,.

Nike & Jordan Sneaker Surprise Box 100% Authentic Size 9-11,.  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.AIR JORDAN 3 RETRO OG “BLACK CEMENT” 2018 - ITEM NUMBER 3416-1,.  However, it has been shown by others that the recent web high flyers are mostly concentrated2001 NIKE AIR JORDAN 11 XI SNAKE LOW White Black-Navy 136071-102 size 9.5,.

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

  1. Jordan 4 19 CDP IV XIX Bred sz 10.5 Retro Collezione, Nike Air Max 95 World Cup Germany Edition Rare Lot,  
  2. NIKE HYPERADAPT 1.0 LAGOON EARLS-BLACK blueE Worn 3 Times,NIKE ZOOM KOBE VII 7 SYSTEM WHAT THE BAMBOO RED blueE PURPLE GREY 488371-200 14,NIKE AIR MAX 90 HYPERFUSE USA White US UK6 7 8 9 10 11 12 13 QS 613841-110 2013,
  3. Nike SB Bruin Se in Grey White - 877045-011,

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
Style: Basketball Shoes
US Shoe Size (Men's): 12 Brand:

Nike

UPC:

Does not apply

Nike Air Foamposite One PRM Abalone 575420-009 Men’s Size 10.5, We think that there are a few reasons:

  1. 2018 Air Jordan 1 Retro High OG GAME ROYAL BLACK-SUMMIT WHITE Nike Size 11.5, – DS Nike LeBron XI NBA 2K14 Limited Edition 2014 Pairs 650884-674 James 11.5,
  2. Nike Zoom Fly Sp Doernbecher Size 10, – New Authentic Nike Air Vapormax Flyknit TRIPLE BLACK shoes sz 9.5 849558-011,Air Jordan Brazil 6's Size 11 Brand New DS,
  3. Nike Air Jordan I 1 Retro SHATTERED BACKBOARD AWAY 10,–  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 Air Jordan 5 Retro Black Grape , – Nike Dunk SB High Mens Size 9 shoes Suede bluee Black 904233 401 Rare,
  5. 2003 Nike Air Jordan III 3 Retro WHITE CEMENT GREY FIRE RED BLACK 136064-102 9.5, – Nike Air Jordan 3 Retro Sneakers Triple White Size 8 9 10 11 12 Mens shoes New,DS 2008 Air Jordan 1 Phat Low sz 10 ROYAL blueE 338145-041,

NIKE Kobe 8 System SS sz 10 Christmas Edition Black Electric Green gold Grinch,

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 JORDAN 32 PLAYER EXCLUSIVE US 15 LATIN NIGHTS PROMO SAMPLE PE XXXII,

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