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Why The SBIC Doesn’t Work For Venture Capital Anymore

Feld Thoughts

Each of the SBIC funds were raised in the 2000 – 2002 time period. On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. The US government, however, lost most of the $2 billion it put into SBIC firms.”

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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.

LP 154
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Applied Venture and the inexorable rise of value-add VC

The Equity Kicker

Most investors thought of their job as picking good companies and making sure governance was strong. From around 2000, and perhaps coinciding with the need to work harder to win deals as opportunities dried up after the internet bubble burst, individual partners at VC firms began adding ‘helping CEOs win’ to their job descriptions. .