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this is of course, assuming that VC money is any smarter than LP money. But is it really? Many LPs are successful business people or investors themselves. VC
by vasilipupkin 11y ago
this is of course, assuming that VC money is any smarter than LP money. But is it really? Many LPs are successful business people or investors themselves. VCs are closer to the action and get better deal flow, but keeping deal flow constant, they are no better at picking stocks than my betta fish
- danieltillett 11y agoThe top VC funds seem to display alpha, but I agree the vast majority of general partners would be better replaced with a monkey and a dartboard.