The return of pre-IPO venture invest industry trails the performance of the post-IPO returns of the Dow, Nasdaq, and S&P 500 (not to mention that those are high

The return of pre-IPO venture invest industry trails the performance of the post-IPO returns of the Dow, Nasdaq, and S&P 500 (not to mention that those are highly liquid, regulated, have more disclosure, are more accessible, etc): http://www.avc.com/a_vc/2013/02/venture-capital-returns.html http://www.avc.com/a_vc/2013/02/venture-capital-returns.html Not sure why the author believes that somehow individual middle-class investors will be able to compete with venture professionals who do this for a living and still cannot beat simple stock market index funds.