Remove 2000 Remove Distribution Remove IRR Remove Venture Capital
article thumbnail

ESADE Business School Commencement Speech

Steve Blank

I’m honored to be at a university noted for knowledge, and in a city with 2000 years of history – home of Gaudí one of the 20 th century’s greatest innovators. As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Thank you for the kind introduction.

article thumbnail

As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

. “I don’t know the exact math, but I hear it again and again: the top 2% of firms generate 98% of the returns in venture capital.” As you can see from the chart their data suggests there are about $25 billion of VC distributions per year in the US. In 2000 our industry had more than $100 billion in LP money.

LP 374