This analysis on VC returns is missing the most important fact.
Yes, VC returns underperformed on a 2, 5 and 10 year view. They outperformed on a 15, 20, 25 and 30 year view. What’s the difference?
Innovation.
We had the internet wave 1993-2001
We had the cloud wave 2006-2014
We had the mobile wave 2007-2014
We had no commercial innovation for a decade so why are we surprised the returns were lower?
We have the AI wave now.
This will be the biggest value creation of any wave in history.
Love you @danprimack but VC didn’t underperform, innovation did. Now it’s back so I would not be underweight venture.
I couldn’t walk for 15 weeks
But I COULD
• move back to LA to be closer to friends & fam
• launch a new brand & website for a client
• host an investor event for 60+ investors
• speak at LMU (pictured)
• travel to Argentina
• ❤️ the kindness that surrounded me
@ArmandoAvalos99@UCLA I'm sorry to hear your daughter was rejected.
I didn't have any connections.
I had a 4.9 GPA + took community college classes while still in high + ASB + Varsity Dance + started a Spanish Club + volunteer work.
Your daughter sounds very smart, sorry it didn't work out!
My mom had me at 16 — she put her dreams on hold for me.
I went on to be a Bruin for undergraduate, and my brother followed 4 years later.
This weekend, she graduates from UCLA with her Doctorate 🎓
👉🏽 It’s never too late to pursue your dreams 😭
Congrats grad!
@UCLA
Ending an incredible run at @GreatPointVC - the 1st institutional fund I had the opportunity to work for. As I embark on a new phase, I’m sharing my learnings/ insights since this experience has validated my passion for VC & is instrumental in this next phase. 👀 A quick🧵of 💡