Fragile People, Fragile Business? This clip explains why and where to take action. Tips, principles and strategies for lifelong social, emotional and physiol…
Video Rating: 5 / 5
Dr Stephanie Decker, Course Director for MSc International Business, discusses the International Business Strategy module. This module is part of both our MS…
Video Rating: 0 / 5
Arlington, VA (PRWEB) February 03, 2014
Venture capital fund performance continued to make gains across most time horizons as of September 30, 2013, according to the Cambridge Associates LLC U.S. Venture Capital Index®, the performance benchmark of the National Venture Capital Association (NVCA). The quarterly, 1-, 3-, 5-, 10- and 15-year horizons all showed higher returns with no change in the 20-year horizon. The 10-year return inched higher for the 14th consecutive quarter and the 1-year performance indicator nearly doubled from one year ago. Despite these improvements, the 1-, 3-, and 5- year returns were bested by the DJIA, NASDAQ Composite, and S&P 500 as of Q3 2013.
“In the past 10 years, returns overall have been more modest than those of the previous decade but some great companies were created in this period, many of which are expanding their growth by going public or being acquired,” said Bobby Franklin, president and CEO, NVCA. “The industry has been optimistic about seeing an improvement in VC fund performance, and it’s encouraging to see that materialize. Given the better exit environment, the IPO markets generated welcomed returns to limited partners and that should continue through Q4 2013 and we hope in 2014,” Franklin added.
“A healthy IPO market and M&A activity both benefitted biotech and IT companies alike,” said Theresa Sorrentino Hajer, Managing Director, Venture Capital Research at Cambridge Associates. “While there were several success stories involving large companies, the IPO market remains highly selective and volatile. The stronger exit environment has meant good news for LPs in the form of distributions from venture funds.”
Vintage Year Return Ratios
The following chart lists the ratio between the dollars paid into venture capital funds by limited partners (LPs) and the dollars distributed to them by vintage year. For example, the 2002 vintage year funds have distributed cash of 0.67 times the amount of capital paid in by LPs and the residual value is 0.36 times the paid-in capital; the total value multiple is therefore 1.03 times. It is important to note that the residual value is unrealized and will change as companies exit the portfolio, are re-valued, or are written off. The 2003 and 2004 vintage year funds show the most positive ratio of the last decade, with returns at 1.58 and 1.49 times (respectively) the capital contributed by LPs, should those funds realize the value of what remains in the portfolio. More recent vintage years have yet to return significant cash to LPs as most funds do not have the opportunity to begin returning capital until after year five.
Additional Performance Benchmarks
To view the full, comprehensive report, which includes tables on additional time horizons, vintage years, and industry returns, please visit the Cambridge Associates or NVCA websites.
Cambridge Associates derives its U.S. venture capital benchmarks from the financial information contained in its proprietary database of venture capital funds. As of September 30, 2013, the database included 1,439 venture funds formed from 1981 through 2013.
About The National Venture Capital Association
Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community’s preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites nearly 400 members through a full range of professional services. For more information about the NVCA, please visit http://www.nvca.org.
About Cambridge Associates
Founded in 1973, Cambridge Associates is a provider of independent investment advice and research to institutional investors and private clients worldwide. Today the firm serves over 950 global investors and delivers a range of services, including investment consulting, outsourced portfolio solutions, research services and tools (Research Navigatorsm and Benchmark Calculator), and performance monitoring, across asset classes. The firm compiles the performance results for over 5,500 private partnerships and their more than 68,000 portfolio company investments to publish its proprietary private investments benchmarks, of which the Cambridge Associates LLC U.S. Venture Capital Index® and Cambridge Associates LLC U.S. Private Equity Index® are widely considered to be among the standard benchmark statistics for these asset classes. Cambridge Associates has been selected to provide data and to develop and maintain customized industry benchmarks for a number of prominent industry associations, including the Institutional Limited Partners Association (ILPA), Australian Private Equity & Venture Capital Association Limited (AVCAL); the African Venture Capital Association (AVCA); the Canada Venture Capital and Private Equity Association (CVCA);the Hong Kong Venture Capital and Private Equity Association (HKVCA); the Indian Private Equity and Venture Capital Association (IVCA); the New Zealand Private Equity & Venture Capital Association Inc. (NZVCA); the Asia Pacific Real Estate Association (APREA); and the National Venture Capital Association (NVCA). Cambridge also provides data and analysis to the Emerging Markets Private Equity Association (EMPEA). Cambridge Associates has more than 1,100 employees serving its client base globally and maintains offices in Arlington, VA; Boston; Dallas; Menlo Park, CA; London; Singapore; Sydney; and Beijing. Cambridge Associates consists of five global investment consulting affiliates that are all under common ownership and control. For more information about Cambridge Associates, please visit http://www.cambridgeassociates.com.
Stanford professor Blake Johnson discusses why an understanding of supply and demand uncertainty can improve a company’s overall performance. Visit www.steelwedge.com to learn more about sales and operations planning. Featuring Blake Johnson – Consulting Professor, Stanford University
Video Rating: 0 / 5
Stanford professor Blake Johnson discusses why cross-functional alignment for successful scenario planning and S&OP. Visit www.steelwedge.com to learn more about sales and operations planning. Featuring Blake Johnson – Consulting Professor, Stanford University
Video Rating: 0 / 5
Deerfield Beach, FL (Vocus) April 9, 2010
Career Performance Institute incorporates social media into its business plan. Career Performance Institute is familiar with the off-line marketing tools– doing bulk mailing, buying mailing lists, and doing multiple mailings to promote your business. Now they are incorporating online marketing, an inexpensive and Today, a successful business incorporates both offline marketing and online marketing relatively new thing, utilizing social media tools to compliment the success the company has had with off-line marketing.
Social media means using sites like LinkedIn, Facebook, MySpace, and Twitter. This is also a medium that is misunderstood by the majority of the public. When someone joins Facebook or LinkedIn they need to find their niche and join groups. They have the ability to join groups where they meet people that have similar interests and are like minded. By joining these groups one will receive e-mails when someone posts information, as well as, requests to become connected as friends or business associates. The more people you connect with, the more people you can build a relationship with for referral of clients. There is no expense to join these groups and market services or product to other members.
Employees within companies have joined the social media groups and use these groups to market their company’s products. Small businessmen and businesswomen should learn to use these tools, and if they are having trouble using them effectively money is being left on the table. Career Performance Institute has used this tool. This company is a member of these sites, joined as many groups as possible within their niche, become an open networker to build up a contact list, and built a relationship with contacts for client referrals.
Twitter is another social network site that can be used effectively for business; the problem is that too many people use twitter to talk about their personal life. This social media site was initially started for businesses to promote their services and products in as little as 140 characters. The idea is to promote one specific item and link it to your website.
Facebook, like MySpace, was initially started for college students to meet each other across the country, but has become a medium for business people to connect with each other. When these tools are used effectively you can also increase your search engine optimization ranking on Google. If there is a need to incorporate these tools into a personal business, contact Career Performance Institute.
Career Performance Institute
678-462-1170
###
09 February 2012: Alasdair George, manager of the Edge Performance VCT ‘H’ Class discusses the media and entertainment sector and why he thinks it is a suitable investment for VCTs. More information on Venture Capital Trusts visit – bit.ly Important information Please remember, VCTs are higher risk and should only be a consideration for those who can afford to take the risk, their value will fall as well as rise. You should hold them for the long term, but you could still get back less than you invested. Please remember, the value of tax savings will depend on your circumstances and tax rules can change over time.
Video Rating: 5 / 5
List Price: $ 95.73
Price:
Related Venture Capital Trusts Products