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Because investors in Europe are a bunch of pathetic spineless banker types.
by nakedrobot2 11y ago
Because investors in Europe are a bunch of pathetic spineless banker types.
- robk 11y agoNot all but there are indeed a disproportionate # of ex-financiers vs the composition of Valley firms. I did this analysis a while ago and it was pretty striking when graphed. The only consistency was MBAs in VC roles across the board.
- bildung 11y ago> Because investors in Europe are a bunch of pathetic spineless banker types. Or investors in Europe have enough opportunities to generate more than the typical return on investment of VC? The average VC ROI is really low, it gets outperformed even by passive index funds IIRC. Edit: Found the source. "Yet 2013 annual industry performance data from Cambridge Associates shows that venture capital continues to underperform the S&P 500, NASDAQ and Russell 2000." https://hbr.org/2014/08/venture-capitalists-get-paid-well-to-lose-money https://hbr.org/2014/08/venture-capitalists-get-paid-well-to...
- dylanjermiah 11y agoThe average is meaningless. Venture capital follows the power law. The top 5-10 firms in the U.S. will realise 95%+ of the returns for the entire industry. The Benchmarks, Sequoias, A16Z, etc. The top companies only want to go with the top investors and vice versa. I wish they'd publish data. I'd love to see Benchmarks ROI on their recent fund, it's likely going to be the best performing fund of all time.
- dovereconomics 11y agoor they just didn't have as much 'help' from the government