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rate of return |
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rate of return
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| This was a very lucrative, and wonderful concept during the 1990s when equity markets were returning 15% compound rate of return each year. McCown stated, "Anyone who saw the potential and bought at the end of 2001 was rewarded with appreciation of 61% in 2002, 158% in 2003 and 72% in 2004 for a three-year compound rate of return of 93% per year. Since its founding, Venrock has produced a compound rate of return in excess of 35% - placing it among a small number of premier firms that have achieved consistently superior performance. |
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