Analysis of actual cash distributed to limited partners versus stock and bond performance from 1981-2006
There are a few people in the world who are lucky enough to be clever for their job – a job that pairs an excellent salary with extremely high upside.
Well-funded entrepreneurs, venture capitalists, private equity investors, and hedge fund managers are all put to work in the hopes that their cleverness will deliver outsized returns for limited partners (or investors in the case of entrepreneurs).
Continue reading “Does “Cleverness” Lead to Superior Cash Returns? Venture Capital Cash Returns v Stocks and Bonds”
Additional Background If You Stumbled on this Post Randomly
Uber is everywhere – especially in the startup/technology world that I follow closely, mostly through podcasts. It is the source of deliciously spirited debate because it is a wonderful blend of ubiquitous consumer product and highly publicized startup juggernaut. And whenever I get in too many debates with people about one topic and get stuck on a plane with no wi-fi, I write out my arguments, which I occasionally publish and commit to the public record.
Continue reading “Confession: I Don’t Think Uber is Actually a Great Business (Yet)”
Soccer is the favorite sport for a measly 2% of Americans – despite the fact that soccer is by far the most popular sport globally. Here’s why.