FYI: It’s not only Wall St that can’t beat the index. Silicon Valley can’t either, an explosive new review has claimed.
Silicon Valley’s venture capitalists are often thought to be the cream of the crop. Flush with Ivy league degrees, Silicon Valley’s VC elite are often though to marry the best of New York – deep capital – with the best of California – tech brilliance.
They charge high fees: much like hedge funds, they take 2% of assets managed and a 20% performance fee. They’re very well paid: the average San Francisco venture capitalist earns $230,000 a year, salary.com indicates.
But do they deliver? Apparently not.
Regards,
Ted
http://www.etfstream.com/news/5230_silicon-valley-fat-cats-cant-beat-the-index-either
