Comments on: Compete.com sale a champagne moment? Not at ~8% per year return it’s not. http://joeduck.com/2008/03/03/1551/ Have Blog. Will Travel. Sat, 11 Feb 2012 18:54:27 +0000 hourly 1 http://wordpress.com/ By: asdf http://joeduck.com/2008/03/03/1551/#comment-76161 Sat, 12 Apr 2008 21:13:06 +0000 http://joeduck.com/2008/03/03/1551/#comment-76161 liquidation preference.

median_ VC fund returns = ~15%, compounded annually. upper quartile VC fund returns = 30%, compounded annually. top dog VC fund = measured in X, not %, compounded annually.

those numbers above don’t support claims of VC returns being modest.

early stage IT is different from late stage life sciences.

deal data is absolutely not sketchy. funds must report to LPs. and there’s oodles of data available to the greenest researcher.

take 5 deals in an average IT fund.. 1/5 deals = total loss, 2/5 deals = partial loss/break-even, 1/5 deals = moderate gain, 1 deals = blowout gain

success by definition is not typical.

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