We Have Met the Enemy…and He is Us: Lessons from Twenty Years of the Kauffman Foundation's Investments in Venture Capital Funds and the Triumph of Hope Over Experience

@article{Mulcahy2012WeHM,
  title={We Have Met the Enemy…and He is Us: Lessons from Twenty Years of the Kauffman Foundation's Investments in Venture Capital Funds and the Triumph of Hope Over Experience},
  author={D. Mulcahy and B. Weeks and Harold S. Bradley},
  journal={ERPN: Venture Capital (Sub-Topic)},
  year={2012}
}
Venture capital (VC) has delivered poor returns for more than a decade. VC returns haven’t significantly outperformed the public market since the late 1990s, and, since 1997, less cash has been returned to investors than has been invested in VC. Speculation among industry insiders is that the VC model is broken, despite occasional high-profile successes like Groupon, Zynga, LinkedIn, and Facebook in recent years.The Kauffman Foundation investment team analyzed our twenty-year history of venture… Expand
Is Venture Capital in Crisis?
...
1
2
3
4
5
...

References

SHOWING 1-6 OF 6 REFERENCES
http://probitaspartners.com/alternative_investments_publications/white-papers-and-surveys.html. 39 Ernst and Young, The Limited Partner VC Sentiment Survey
  • http://probitaspartners.com/alternative_investments_publications/white-papers-and-surveys.html. 39 Ernst and Young, The Limited Partner VC Sentiment Survey
  • 2010
46 See Appendix A: Sample PME Calculation for more detail
  • 46 See Appendix A: Sample PME Calculation for more detail