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Except categorically is an awful business to be in. You might not have a job after your first LP, if your LP fails to return. It's an extremely binary business
by mbesto 11y ago
Except categorically is an awful business to be in. You might not have a job after your first LP, if your LP fails to return. It's an extremely binary business model - you either succeed in the top 10% of all VC funds available or you simply pack up and do something else. That's why you typically see people get into the VC business when money is not an issue for them...fund failure is much easier to stomach.
- danieltillett 11y ago10 years is an awfully long time - if your first and only LP fails oh well - at least it is not your money. Plus if you don’t let any of your companies IPO then no one will know if you have failed or not for a very long time.