Re:Seattle angel investor says few investors add value (2016)
by kornish on Monday July 17, 2017 @02:39AM
(#14786165)
A friend of mine who graduated with honors from an Ivy econ program moved to Palo Alto and went into PE. I asked him why he didn't go into VC in the heart of venture capital.
He replied that PE was as close as you could get to formulaically printing money while seed-stage (and even later) VC was more like splattering paint at a wall and seeing what sticks, and that the former suited his personality better.
An interesting comparison; food for thought.
One of my good friends works in private equity and their investment targets are 100% focused on small banks who return an average of 2-5x.
Not quite the 5-10x returns but they have much higher success rates.