nvca

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 The Author
Georges van Hoegaerden I am an entrepreneur unafraid to reinvent the outdated religions influencing human performance. Let's talk if you are eager to hear how I can fundamentally improve the performance and longevity of startups, corporations, investment firms, asset management and governments.
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