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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 100% NEW flip flops Beach, leisure, vacation, slippers,women’s shoes, 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.Teva Women's Mush Mandalyn Ola 2 Flip Flop - Choose SZ color,.

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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.Neiman Marcus Alida Black Leather Espadrille Thong Sandal SZ 40 39.5- 175,.  Furthermore, the frequency of 5x or greater returns are higher in Life Sciences – 8% vs. 4% for IT.BZ837 CALPIERRE shoes green brown leather women sandals EU 38,EU 38,5,EU 39,EU,.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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AH625 GUESS schuhe beige lack damen sandalen EU 39,EU 40,..  And, post-IPO performance has been dramatically better in IT than it has been in Life Sciences.MYSTIQUE Patent Leather Thong Sandals Flip Flops gold Chain Crystal Skull NEW 8,.

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Our data and analysis of course has some short-comings.Tory Burch Thora Sandals - 7.5 NIB,.  However, it has been shown by others that the recent web high flyers are mostly concentrated9936-32851 V 1969 Italia Womens Flat Sandal yellow 38 IT - 8 US,.

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

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Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: Excellent Used Condition
Color:

Pink

Material: Leather
Brand:

Frye

Style: Wedges
Heel Type: Wedge Fastening: Tie
Heel Height: High (3 to 4 1/4) US Shoe Size (Women's): US 10
UPC:

Does not apply

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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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