How Institutional Limited Partners Can Avoid Limited Returns

Editor's note: John Frankel?is?founder and partner of?ff Venture Capital and has been an early-stage venture investor since 1999. Follow him on Twitter.? Having spoken with many limited partners, it is clear that there is a lack of access to the research out there that compares return generation from different venture classes and, in particular, compares angel returns with those of venture funds. I finally have had the time to collate the research we have found, and am happy to share it. This post is quite technical, but the bottom line is simple: angel-stage funds outperform.

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