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How is the VC Asset Class Doing?

View from Seed

The top quartile has distributed 2.03x (vs. 1.68) and the median fund now has distributed 1.27X (vs. One or two of the best companies may continue to appreciate, but most of a VC’s portfolio has probably been realized, written off, or has maxed out its value. The top quartile DPI for the 2012 vintage is 0.62.

LP 256
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The Version One Anti-Portfolio – the opportunities we missed…

Version One Ventures

Bessemer started the idea of the “anti-portfolio” – the companies that you passed on, but ended up doing very, very well. . After Honey was acquired by PayPal for $4B a few weeks ago, we thought it was a good time to share the Version One anti-portfolio: Honey. We had a chance to invest in a $500K round at a $12M valuation in 2015.

Portfolio 202
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Revisiting the Craft Beer Metaphor for the VC Industry

View from Seed

When we started NextView back in 2012, we often used the metaphor of the beer industry to describe the evolution of the VC business. VC’s across the board have generally upped their game and are much more involved in the startup ecosystem and with their portfolios. AB Inbev was huge back in 2012 but is only larger today.

Merger 343
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The State Of E-Commerce Checkout Design 2012

uxdesign.smashingmagazine.com

UX Study The State Of E-Commerce Checkout Design 2012. September 4th, 2012. Above you see the distribution among the top 100 grossing e-commerce websites in regards to the number of checkout steps they have. Portfolio Design Study: Design Patterns. September 4th, 2012 7:05 am. September 4th, 2012 7:21 am.

Design 98
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Why Average VC Returns Don’t Really Matter

Agile VC

Typically it’s when Cambridge Associates releases their benchmark data on the VC asset class ( here’s a 2010 example article from TechCrunch ) or an organization like the Kauffman Foundation publishes a white paper ( a 2012 example article from Business Insider here ). Even if you’re top decile for your vintage year (e.g.

LP 176
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State of VC 2.0

View from Seed

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. This is particularly relevant for VC funds because they do not follow a normal distribution, they follow the power-law curve.

Valuation 319
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State of VC 2.0

View from Seed

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. This is particularly relevant for VC funds because they do not follow a normal distribution, they follow the power-law curve.

Valuation 295