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Stento believes the industry will yield better returns in the long run than buyout investments, despite the huge growth of the latter in recent years. “Relative to buyouts, I think of it as the tortoise and the hare. I think the [venture] returns from the 2001-2005 funds will beat buyout returns, but we may not know that for three to four years.
— Greg Stento, HarbourVest Partners. VentureWire. Friday, June 13, 2008