Don’t know the absolute returns of Storm Ventures to limited partners, nor the renewable socioeconomic value their investments have yielded to the public. So, without the balance of those two, one cannot assess the real value of a venture firm.
And therein lies exactly the problem with the venture business. It lacks the transparency for entrepreneurs to judge whether the arbitrage of innovation they are judged by is worthy of merit.
And relative performance to other VC firms is meaningless, especially since VC has been underperforming the opportunity for innovation by a long shot. The best of the worst is not a badge of honor.
Read up at How top-quartile runs out of merit.
The sign of a vibrant, innovative nation is its willingness to pursue the ever-unfolding discovery of nature's truth and reinvent itself continually against those proven new normalizations upstream. Let’s inspire the world with new rigors of excellence we first and successfully apply to ourselves.