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Why Average VC Returns Don’t Really Matter

Agile VC

And even if they wanted the index return, there is essentially no way to buy (or sell) a broad-based basket of VC funds in the way you can trade the S&P 500 or Russell 2000 or other public equity index. Access in the sense that some FoFs have relationships with top-performing funds that aren’t open to new would-be investors.

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Public Hospital Modern Woes – Aging Infrastructure, Unions, Pensions, High Regulation. 

The Startup Magazine

s form of no-holds-barred capitalism, our financial markets were slow to adopt the idea, with the trend really only taking hold during the heady securitization period of the mid-2000’ s. The buyers (or lessees) in these transactions are pension funds, insurance companies, or private equity representing other institutions.

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It’s Morning in Venture Capital

Both Sides of the Table

In 1998 there were around 850 VC funds and by 2000 there were 2,300. By 2000 the total LP commitments had mushroomed to more than $100 billion. For starters we saw a huge influx of inexperienced managers enter the VC industry proving clearly that being a VC is not a purely quantitative job. The Funding Problem.

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Are You the Fool at The Table?

Steve Blank

Ben offers that as Apple, Google and Amazon survived the dot.com crash, we can ignore the fate of the thousands of failed public and private dot.com companies when the bubble burst in March of 2000. They manage this all with knowledge of the game they’re playing, but they don’t hype it, talk about it or fan the flames.

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The case for European venture

The Equity Kicker

I was chatting with a friend last night about the lack of institutional investor (LP) interest in European venture capital as an asset class. I think that if you believed everything in the table above and you backed yourself to be able pick a good fund manager you would be pretty keen on investing in European venture.

LP 143
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In Defense of the IPO and How to Improve It, Part 2: Peeking Behind the Pop

Ben's Blog

Have bankers simply become even more evil in 2020, deliberately diverting more money from a company’s coffers to line the pockets of the buy-side institutional investors who subscribe to IPO shares? The implications of this for asset managers is that they need to find yield (aka, investment returns) elsewhere.

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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

Since I became an institutional investor, my #1 learning is: this is a highly unusual and somewhat baffling industry. Asset management also shows the traditional earmarks of an industry ripe for disruption — most obviously, unhappy customers and extremely profitable incumbents.