It’s no secret that an increasing number of individuals are looking to invest in startups. The rise of crowdfunding platforms, syndicates and hybrid investment models in Canada is a good indication that the startup investing scene is alive and well.
In February, we released our 10-year net IRR: 66%, beating the S&P 500 almost tenfold.
We’re certainly not the first to beat the stock market, so I wondered: what do all the people “beating the stock market” have in common?
Today, we’re delighted to announce Brightspark’s 10 year performance of 66% net internal rate of return (IRR).
Because Brightspark as a VC firm has taken a few different forms in the last 10 years - two “traditional” funds and a new model of investment featuring single purpose funds - it took a little bit of elbow grease to calculate a net IRR we were confident was fair and transparent. Here’s a breakdown of our approach.