From the Wall Street Journal's Corporate Intelligence blog:
They may have taken on some of the sheen of Silicon Valley in the
popular imagination, but do venture capitalists do to more conventional
investment funds what the iPhone did to BlackBerry? Are they in another league, performance wise?
Not exactly. New numbers out from Cambridge Associates and the National Venture Capital Association show the industry performing better in the quarter ending June 30, with returns increasing for shorter and longer time periods.
But their U.S. Venture Capital Index, which is based on data compiled
from 1,439 venture capital funds, shows venture capital funds
outperforming indices like the Dow Jones Industrial Average only in the
short term (the three months to June 30) or the long term (15 or 20
years)....MORE
