Comments on: Calling Any and All Late-Stage Investors: An OVP Partner’s Take on Seattle’s VC Scene http://www.xconomy.com/seattle/2008/06/17/calling-any-and-all-late-stage-investors-an-ovp-partners-take-on-seattles-vc-scene/ Business + Technology in the Exponential Economy Sat, 21 Nov 2009 17:25:59 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: K. Soze http://www.xconomy.com/seattle/2008/06/17/calling-any-and-all-late-stage-investors-an-ovp-partners-take-on-seattles-vc-scene/comment-page-1/#comment-20865 K. Soze Wed, 18 Jun 2008 17:40:15 +0000 http://www.xconomy.com/?p=2916#comment-20865 I second Krassen on this - based on first hand experience. OVP talks the talk but their results speak for themselves. I second Krassen on this – based on first hand experience.

OVP talks the talk but their results speak for themselves.

]]> By: Krassen Dimitrov http://www.xconomy.com/seattle/2008/06/17/calling-any-and-all-late-stage-investors-an-ovp-partners-take-on-seattles-vc-scene/comment-page-1/#comment-20840 Krassen Dimitrov Wed, 18 Jun 2008 10:35:13 +0000 http://www.xconomy.com/?p=2916#comment-20840 What is this? Is Buderi a journalist or a shill for shady outfits? OVP Venture Partners is a group of clueless hacks, who have been losing money for their investors with remarkable consistency over the last 10 years. Here are the facts: OVP Fund V, started in 1999 has lost 21% per annum OVP Fund VI started in 2001 has lost 10% per annum OVP Fund VII started in 2006 has lost 25% per annum These are atrocious returns on investment, and they tell the whole story so I don't even have to get into HOW they get there: by investing in ventures that contradict the laws of physics (M2EPower), or by arrogantly messing with their companies' product development (nanostring) As with GreenFuel, Buderi and his team paint an upbeat picture that is dissociated from the reality... What is this? Is Buderi a journalist or a shill for shady outfits?

OVP Venture Partners is a group of clueless hacks, who have been losing money for their investors with remarkable consistency over the last 10 years.
Here are the facts:
OVP Fund V, started in 1999 has lost 21% per annum
OVP Fund VI started in 2001 has lost 10% per annum
OVP Fund VII started in 2006 has lost 25% per annum

These are atrocious returns on investment, and they tell the whole story so I don’t even have to get into HOW they get there: by investing in ventures that contradict the laws of physics (M2EPower), or by arrogantly messing with their companies’ product development (nanostring)

As with GreenFuel, Buderi and his team paint an upbeat picture that is dissociated from the reality…

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