View from Seed
DECEMBER 4, 2019
One of the things I pointed out in my prior post was that even though the 2007 vintage was 10 years old, the vast majority of the value was still unrealized. If we compare the 2007 vintage data today vs. what we looked at 2 years ago, it gives us a sense of how much liquidity that vintage has enjoyed in the last couple years.
David Teten
SEPTEMBER 16, 2014
Sohl: “The Angel Investor Market in 2007: Mixed Signs of Growth” Unknown. Despite the difficulties in gathering it, angel return data has gradually accumulated over time and the verdict is in: we’ve looked at a dozen different studies of angel returns , and they show returns ranging from 18% to 54%. . Time Period. 1994 – present.
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David Teten
JANUARY 28, 2013
The good news for Techcrunch readers: Every major study conducted to date has placed angel investors’ IRR between 18 and 38 percent, as summarized by my Partner John Frankel and Professor Robert Wiltbank in prior Techcrunch articles. Every major angel study conducted to date has shown high IRR.
Both Sides of the Table
OCTOBER 17, 2019
I became a VC 12 years ago in 2007 when the pace of deals was much slower. An example was that while we were in the seed round at Ring and followed in the A, B, C and D … we were also able to lean into the E round when Jamie really wanted to scale up his funding and the final check was still > 420% IRR!
Feld Thoughts
JULY 31, 2013
By 2007, they were doing quite well. Circa 2007, this was considered a ridiculous approach. Between 2007 and 2013, we acquired 25 companies. Our equity IRR has averaged around 50% since inception. These companies somehow navigated their way through the meltdown. and London. We raised $2.7B
David Teten
NOVEMBER 17, 2011
By definition, IRR is calculated using amount invested, amount received at some point in the future, and time passed between the two cash flows. According to the Kauffman study “ Returns of Angel Investors in Groups ”, the mean IRR of angel investments hovered around 27% as of November 2007.
This is going to be BIG.
DECEMBER 28, 2013
YCombinator had a great run from 2007 through early 2009 investing at a time when there weren''t nearly as many seed funds and accelerators as there are now. My total valuation multiple across that span is nearly 4x and the return rate is up over 110% IRR. YC''s best investing days may be behind it. That''s 25%.
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