The LifeSciVC blog today published the findings of a recent study by Correlation Ventures that aimed to examine whether returns for VC investors over the past 10 years (2003-2012) were higher than those achieved by investors in public equity markets or not. Thankfully, VC investors DID realize returns in ths period that were on average 36% higher.
Hopefully, this is not surprising if we all believe in market efficiencies. If not, VCs didn't make out, why would anyone bear the extra risk to earn lessor returns? That would be the REAL story if it were the case. Fortunately, it is not. See link for details.
Posted by Bruce Lehr Nov 18th 2013.