Cornell's growth has been phenomenal in light of the fact the firm did not exist until 2001. No doubt their success is in no small part a result of their wicked - yet savvy - interaction with struggling public companies and the corrupt/inept executives that steer them.
It would be interesting (and a chore) to total the market capitalization of the combined companies at the time of the issuance versus the current combined market capitalization.
That would provide clearer picture on how much equity - in real dollars - Cornell has been successful in extracting.
Edited to add:
Also interesting would be a study in an effort to define what quantifiable qualities, if any, the companies that have not been crushed possess relative to the rest.
At the moment we have a winner from the April vict..., er, I mean clients ... OEGY.OB up 84% since April 2. There's also a winner from Cornell's December financings.