{"id":372,"date":"2010-05-12T15:52:43","date_gmt":"2010-05-12T22:52:43","guid":{"rendered":"https:\/\/techspill.com\/blog\/?p=372"},"modified":"2010-05-12T15:52:43","modified_gmt":"2010-05-12T22:52:43","slug":"no-surprises-another-way-of-saying-vc-does-not-scale","status":"publish","type":"post","link":"https:\/\/techspill.com\/blog\/2010\/05\/no-surprises-another-way-of-saying-vc-does-not-scale\/","title":{"rendered":"No surprises- Another way of saying VC does not scale"},"content":{"rendered":"<p><a style=\"display: inline;\" href=\"http:\/\/firstround.typepad.com\/.a\/6a00d83452d6c969e2013480b77279970c-pi\"> <img loading=\"lazy\" decoding=\"async\" class=\"asset asset-image  at-xid-6a00d83452d6c969e2013480b77279970c image-full \" title=\"Svb\" src=\"http:\/\/firstround.typepad.com\/.a\/6a00d83452d6c969e2013480b77279970c-800wi\" border=\"0\" alt=\"Svb\" width=\"454\" height=\"255\" \/><\/a><\/p>\n<blockquote><p>If you were to look at the performance of large funds (those greater than or equal to the vintage year median size) for venture funds between 1983 and 2003, just 2% of the large funds returned more than 2x contributed capital.  And 92% of the funds returned less than 1.5x capital.  But if you were 24-logo-1to look at the performance of the small funds (those less than the vintage year median size) for those same years, the performance is much better.  Indeed, 48% of those funds returned 2x &#8212; or, put another way, small funds were 24 times more likely to produce returns above 2x than large funds.  And just 36% of small funds returned less than 1.5x capital.  Wow.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/redeye.firstround.com\/2010\/05\/the-money-chart.html\">Redeye VC: Size Matters (at least for venture funds)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you were to look at the performance of large funds (those greater than or equal to the vintage year median size) for venture funds between 1983 and 2003, just 2% of the large funds returned more than 2x contributed capital. And 92% of the funds returned less than 1.5x capital. But if you were &hellip; <a href=\"https:\/\/techspill.com\/blog\/2010\/05\/no-surprises-another-way-of-saying-vc-does-not-scale\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">No surprises- Another way of saying VC does not scale<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[22],"class_list":["post-372","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-vc"],"_links":{"self":[{"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/posts\/372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/comments?post=372"}],"version-history":[{"count":1,"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/posts\/372\/revisions"}],"predecessor-version":[{"id":373,"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/posts\/372\/revisions\/373"}],"wp:attachment":[{"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/media?parent=372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/categories?post=372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techspill.com\/blog\/wp-json\/wp\/v2\/tags?post=372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}