VC Returns Disappointed

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    Venture capital (VC) returns have disappointed and overall have not beaten a public market equivalent by their objective of a minimum of three per cent since 1997, writes Bruce Grantier in his ‘InvestorLit Review 2012.’ In the article ‘Venture Capital Investing ‒ the Kauffman Foundation’s Experience,’ he reviews the Kaufman Foundation’s experience in venture capital (VC) investing over 1985 to 2011 in about 100 funds. That report also found only 20 per cent of funds beat a public market equivalent by three per cent per annum and first quartile VC results may not even be enough to meet this target. The article is at www.InvestorLit.com