VC delusions of positivity

I am convinced the NVCA rallies its VC members to write stories about Venture Capital is “back to normal” and its “returns are going up”, after minus 4% IRR 10-year returns in Venture washed away all of its protectionist arguments, while corporate innovation blew VC performance away in the same period.

Is the big news item here that going up means VC performance doesn’t get worse than minus 4%, I would hope so too. VC performance is a disgrace to American innovation. Yet maybe, just maybe (watch the video) what it means is that the best practices of the NVCA in deploying innovation arbitrage over all these years are just not good enough.

As a Limited Partner I would not be betting on, but rather against those best practices as statistically and empirically that would yield better returns. Time to face reality boys!

 

About Georges van Hoegaerden

I am an entrepreneur, technology executive, board member, CEO, venture capitalist turned innovation economist (by fate). As an entrepreneur detecting the systemic failure of economics I had to reinvent the definition and principles of economics to - for the first time - become an accurate proxy of the real world. My invention is called Renewable Economics™. Become informed about a better way to assign value to the evolution of mankind.

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