Home Runs for VC Funds? Don't Bet on It

Graphic by Bloomberg Businessweek. Concerns investments made between 1989 and 2011. Data: Kauffman Foundation

The Kauffman Foundation, which promotes entrepreneurship, recently looked at returns from investing part of its $1.8 billion endowment in 99 venture capital funds. Almost half of the funds are in the red, and less than 20 percent have seen big payoffs.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.