Global Themes

On Globalization & Venture Capital

This is why VCs are sexy…

Paul Kedrosky had this statistic on his post on YouTube (the deal made the headlines just hours ago):

Total invested: $11.5m (over two rounds: 11/2005, and 4/2006)
Percentage ownership: 30%
Value of Google shares, post-acquisition: $495m
Multiple: 35.2

No wonder, Venture Capital is so sexy…and this is why the rest of us (minus Sevin Rosen) get a bad name (in other words, “What? you didnt deliver a 100% IRR? Why are you still in business?”).

Cheers to all the bright sparks at Sequoia…as for the rest of us, time for introspection…and just in case you thought this is easy, read this


October 9th, 2006 Posted by | Venture Capital, What VCs really do | no comments

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