Qubit: UTIMCO VC Returns CY 2021
Venture capital returned 79.7% for CY 2021 at UTIMCO.
The Cambridge Associates venture capital benchmark was 46.2% last year.
But the market has changed since then, the top 10 IPOs from 2021 have lost 70% of their value.
Source:
The University of Texas/Texas A&M Investment Management Company - Meeting Resources
Tweets and Posts:
15/ The capped fund size and the fact that the money barely compounds makes the total cash generated — $100B+ profits — all the more remarkable.
Net of its massive 5/44 fees, the 1988-2018 annualized return for Medallion is a crazy 39% (vs. crazier gross return of 66%).
Jeff Bezos’s AVIATOR idea:
-Examine every part of your product
-Look for anything that can be improved
-Keep pressure on your team until your high standards are met
-Make sure everyone else in your company does the same
Things are hard again. Now you have an opportunity to experience real growth. Most people don’t like hard, so they will disappear until things get easy again. And they will never be great.
Qubits are insights that we find and share with you.