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!
- The risk profile – not money – determines what innovation can be discovered. — Georges van Hoegaerden - September 16, 2014
- An outlier knows no precedent. — Georges van Hoegaerden - September 9, 2014
- Losing VC money is not our biggest problem - August 11, 2014
- The Long of Facebook - August 7, 2014
- ‘Innovation’ without renewable socioeconomic value is (government) sponsored bank-robbery of society. — Georges van Hoegaerden - August 7, 2014
- Freedom stripped of its paradox is no freedom at all. — Georges van Hoegaerden - July 25, 2014
- 15,000 views on The State of Venture Capital - July 23, 2014
- Triple Threat Founders - July 20, 2014
- If we want to inspire the world with our spiritual leadership, we must stop selling lies to unsuspecting greater-fools. And lead the world by example, with new rigors of excellence we first and successfully apply to ourselves. — Georges van Hoegaerden - July 19, 2014
- Has Venture Capital Changed? - July 15, 2014