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How and Why To Be an Angel Investor

David Teten

Angel investors are generally former entrepreneurs and/or executives, who invest in privately-held, early-stage companies. Angels relish the opportunity to invest in passionate and driven entrepreneurs with ambitious visions of the future – who doesn’t want to be part of the next wave of innovation? Average Angel Returns Over Time.

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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. I like the guy because he’s credited with coining the word entrepreneur. Thank you for the kind introduction. I’d like to start with a request. Now look around.

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

Both Sides of the Table

After all, I am no stranger to the publicly expressing the frustrations of dealing with the downside of this industry as I wrote about in 2006 when I was an entrepreneur. The better way to think about VC returns is, do the firms consistently beat alternative asset clases on an IRR basis to adjust for the increased risk and lack of liquidity?

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What if it’s 1996, not 1999?

Seeing Both Sides

Matrix had a fund in 1998 that yielded an eye-popping 514+% IRR. The Internet bull market continued to run for four more years after the Open Market IPO, finally ending in the spring of 2000. In 1997, a Charles River Ventures fund yielded a stunning 15x return, backing such superstars as Ciena, Vignette and Flycast.

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The VC Shakeout: Are We There Yet?

Agile VC

Sarah also points to the vast global wealth that has to get allocated somewhere as well as a small bump in long term average returns, now that the generally terrible performance of funds from the 2000-2002 time frame (after the tech bubble of the late 90s crashed) no longer factor in to 10 year returns. So at a fund level (e.g.

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