Does Fund Size Matter? | NEA. “Big VC funds fail to deliver big returns. We have no funds in our portfolio that have raised more than $500m and returned more than 2x our capital after fees.” Kauffman Foundation, 2012 Many smart venture capital observers have lamented the emergence of VC "megafunds. " Yet the trend over the past decade has been unmistakable: even as new limited partner (LP) commitments to the overall VC market have contracted, LPs have concentrated ever more capital among fewer firms with larger funds.
Indeed, the ten largest VC firms have raised 34% of total industry commitments since 2008 according Dow Jones VentureSource (Figure 1). This is twice the equivalent concentration measure for 2000-2003. How can the LPs be so mistaken if the superiority of small funds is so obvious? Venture Capital performance data can be noisy and difficult to come by so people tend to analyze that which is easily available. I do not claim to have the definitive answer. Are We Asking the Right Questions? Mr. Conclusion. 「ITベンチャーよ、シリコンバレーを目指せ！」 日本発のグローバル企業はなぜ生まれないのか ――アレン・マイナー サンブリッジ会長に聞く｜IT insight. 不況の出口が見えないなか、かつて盛り上がったITベンチャーの起業熱は、萎んでしまったかに見える。 一方、シリコンバレーを中心に世界のIT業界の動きはスピードを増している。 このままでは、日本のIT企業はグローバル競争で勝ち抜くことができなくなるかもしれない。 かつて日本オラクルの代表を務め、現在は株式会社サンブリッジおよび株式会社サンブリッジ グローバルベンチャーズの代表取締役会長兼CEOを務めるアレン・マイナー氏は、世界有数のベンチャーキャピタリストとして、日本のITベンチャー企業の投資･育成に情熱を注いでいる。
日本発のグローバル企業はなぜ生まれないのか。 それを育てるためにはどうしたらいいのか。 マイナー氏が力説する。 日本発のグローバルベンチャーを！ ――現在は、サンブリッジグループの会長を務めている。 Allen Miner／株式会社サンブリッジ 代表取締役会長兼グループCEO 1961年生まれ。 私はこれまで、セールス・フォース・ドットコム、アイティメディア、オウケイウェイブ、ガイアックスなどに投資してきた。 現在、サンブリッジ グローバルベンチャーズが行なうグローバルベンチャーハビタット事業は、こうした私の思想を体現する事業で、2000年にスタートさせた。 具体的には、将来有望なベンチャー企業に対して、シード期（事業立ち上げ期）から事業拡大期における海外展開までの投資・育成を行なう。 一般社団法人 日本ベンチャーキャピタル協会 JVCA. Top 100 Venture Capital Firms. February 19, 2015 15+ min read Welcome to the Entrepreneur VC 100 list of top early-stage venture capital firms -- a platform highlighting the who’s who of the U.S. startup ecosystem.
The ranking is based on data from PitchBook, a Seattle-based data and tech provider for the global private equity and venture capital markets. The firms are listed by total capital invested in seed and/or early-stage deals completed in the U.S. during 2014. While the ranking is focused on traditional VC firms, it also includes corporate VCs, mutual funds and other entities, as new players increasingly enter the VC game. PitchBook’s research process for VC 100 also tracks each firm’s investment activity. You can check out which industries and regions these investors focus on as well as their top early-stage investments of 2014.
VC 100: U.S. venture capital firms ranked based on capital invested in U.S. early-stage deals in 2014 (in USD millions*). #1 Andreessen Horowitz, Menlo Park, Calif. 2014 Deal highlights: Venture capital. In addition to angel investing and other seed funding options, venture capital is attractive for new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. In exchange for the high risk that venture capitalists assume by investing in smaller and less mature companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the company's ownership (and consequently value). Venture capital is also associated with job creation (accounting for 2% of US GDP),[2] the knowledge economy, and used as a proxy measure of innovation within an economic sector or geography.
Every year, there are nearly 2 million businesses created in the USA, and 600–800 get venture capital funding. History[edit] Origins of modern private equity[edit] J.H. Early venture capital and the growth of Silicon Valley[edit]