VC is failing! It can't be scaled, we can't find decent exits, no IPO in todays circumstances, VC money is slowly moving towards clean-tech... Recently I found math that backs all the facts. You should read this blog entry.
So by that estimate, over the 15 year period, VC firms generated $396 + $140 bn of value = $540 bn, or an average of $36bn per annum, of which about 50% happened in the glory years. This means that IPO and M&A activity in those insane years was seven times higher than the long run average.Continue reading here