Most of us know intuitively that venture investing is a hits driven business. A relatively small number of winners drive returns. However, you might be surprised by how skewed the distribution of…

“About half (51%) of all of the capital invested into venture-funded companies exiting over the last decade lost money, while less than 4% generated a 10X or greater multiple. When calculated as a percent of financings, rather than by dollars, the distribution is even more skewed: almost two thirds of financings lost money for investors.”

Most of us know intuitively that venture investing is a hits driven business. A relatively small number of winners drive returns. However, you might be surprised by how skewed the distribution of…

“About half (51%) of all of the capital invested into venture-funded companies exiting over the last decade lost money, while less than 4% generated a 10X or greater multiple. When calculated as a percent of financings, rather than by dollars, the distribution is even more skewed: almost two thirds of financings lost money for investors.”