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Note to Readers: This blog post was co-written by Bruce Booth and Bijan Salehizadeh, who co-authored an article in the July 2011 issue of Nature Biotechnology, detailing the differences in returns between Life Sciences and Tech investing.
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Left behind by this good news is the NEW 10.5 Nike Air Jordan XXXI 31 PRM Battle Grey Cool Wolf 914293-013 Westbrook, 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 Dualtone Racer Elemental pink Light Carbon Pink Running shoes Women Sz 8,.
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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 In SeasonTR 6 Training shoes, Women's Size 6.5, White Antharacite-Wolf grey,. Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.Nike Men's SFB Special Field Boots Black sz 7.5 [329798 002] military,.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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Adidas Women's Cf Superflex W Running shoes - Choose SZ color,.. And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.ADIDAS WOMAN SPORTS RUNNING SNEAKER SHOES SYNTHETIC CODE BB1733 PUREBOOST XPOSE,.
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Our data and analysis of course has some short-comings.ADIDAS NMD R2 WOMEN SHOES BA7259 Ivy Green SIZE 8.5,. However, it has been shown by others that the recent web high flyers are mostly concentratedNike Women's Air Huarache Run Ultra Running shoes,.
Some of you who follow venture returns data may be asking some questions:
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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.