Comments on: Don’t stop believing: Venture performance didn’t dip that badly http://venturebeat.com/2009/04/27/dont-stop-believing-venture-performance-didnt-dip-that-badly/ News About Tech, Money and Innovation Mon, 23 Nov 2009 21:25:39 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Anthony Ha http://venturebeat.com/2009/04/27/dont-stop-believing-venture-performance-didnt-dip-that-badly/comment-page-1/#comment-856817 Anthony Ha Wed, 29 Apr 2009 07:35:03 +0000 http://venturebeat.com/?p=106687#comment-856817 OK, it was a bit of a cheap shot, but you'll note that in both cases, the odds are pretty bad ... OK, it was a bit of a cheap shot, but you'll note that in both cases, the odds are pretty bad …

]]> By: Peter Antypas http://venturebeat.com/2009/04/27/dont-stop-believing-venture-performance-didnt-dip-that-badly/comment-page-1/#comment-856816 Peter Antypas Wed, 29 Apr 2009 07:33:26 +0000 http://venturebeat.com/?p=106687#comment-856816 Odds of winning the lottery: 1 in 18 million<br>Odds of building a successful VC backed company: 1 in 1000 Odds of winning the lottery: 1 in 18 million
Odds of building a successful VC backed company: 1 in 1000

]]> By: Anthony Ha http://venturebeat.com/2009/04/27/dont-stop-believing-venture-performance-didnt-dip-that-badly/comment-page-1/#comment-856815 Anthony Ha Wed, 29 Apr 2009 06:44:03 +0000 http://venturebeat.com/?p=106687#comment-856815 "Nothing has the potential for return that venture capital does."<br><br>I agree with your other points, Peter, but jeez, if we're just going to judge things based on "potential for return," what about the lottery? “Nothing has the potential for return that venture capital does.”

I agree with your other points, Peter, but jeez, if we're just going to judge things based on “potential for return,” what about the lottery?

]]> By: Peter Antypas http://venturebeat.com/2009/04/27/dont-stop-believing-venture-performance-didnt-dip-that-badly/comment-page-1/#comment-856814 Peter Antypas Tue, 28 Apr 2009 00:49:39 +0000 http://venturebeat.com/?p=106687#comment-856814 In a highly volatile market and a global recession, nobody should be deriving any meaningful conclusions from 1-year data, whether it represents milk sales in Mozambique or steel output in Russia. <br><br>I think this should pretty much silence those who have proclaimed that "VC is dead". Nothing has the potential for return that venture capital does. Also, these numbers represent ROI in strict monetary terms. Let's not forget that this isn't money going towards meat and potatoes projects -- this is money that enables innovation. The fallout and the impact on the overall economy is far larger than this table reveals. It's also impossible to measure. In a highly volatile market and a global recession, nobody should be deriving any meaningful conclusions from 1-year data, whether it represents milk sales in Mozambique or steel output in Russia.

I think this should pretty much silence those who have proclaimed that “VC is dead”. Nothing has the potential for return that venture capital does. Also, these numbers represent ROI in strict monetary terms. Let's not forget that this isn't money going towards meat and potatoes projects — this is money that enables innovation. The fallout and the impact on the overall economy is far larger than this table reveals. It's also impossible to measure.

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