| Topic Name: |
VC is low paying |
| Message Name: |
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| Date Posted: |
03/11/2002 |
| In Reply To: |
First, there is no "better." This thread started as "more profitable."
We're not that far apart here on perspective.
I'd be the first to say that VC's are killing the golden goose as we speak with oversized funds. Up until now, that was not the case and LBO's were dealing with the glut of cash from the late 80's married with overpriced equity in the 90's (bad combination).
I'd be the first to agree that KKR is a name everyone knows but whos star is fading. Kleiner Perkins has the same issue in VC.
If you want to match the best against the best, I'd stack Matrix Partners up against Tommy Lee any day for returns.
I stand by my 40% figure (got it from a book on entrepreneurship). Obviously that's going to seriously dive in 01 and 02, but the trend line goes back 20 years.
It takes substantially more FINANCE (yawn) experience to do an LBO deal. The best VC's have built several successful companies of their own before becoming investors. Anyone and their dog CAN NOT do that. |
| Message: |
reread today an article I had read a while ago - from 1969-1995 overally vc returns were 14%
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