My RA Guli Zhu has been helping me look at VC performance over the past few decades. The results of our analysis thus far are interesting. We find that (i) the median VC firm performs very poorly and is comfortably outperformed by S&P500 index; unless you (the LP) are investing in a VC firm in the top 5% of VC firms, you are perhaps wasting money, (ii) the VC industry is increasingly becoming more hit driven with the top few firms generate almost the entire industry profits.
To read the full, original article click on this link: Venture Capital: Be careful who you play with « Enable Tech
Author: Enable Tech
