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I suspect it's more of a pompous thing. Thinking of the funds like wines: they mature/get better with age.
by adewinter 11y ago
I suspect it's more of a pompous thing. Thinking of the funds like wines: they mature/get better with age.
- taylorwc 11y agoIt's not really pompous. Fund 'vintage' is the way that VC firm partners (GP's) have to orient their thinking because it's how their investors (LP's) measure the success of a particular investment in their firm. The term vintage has been standard fare in this world for a long time, even if it draws its roots elsewhere... See also: 'carried interest'[0], which draws its origin from shipping centuries ago. [0] https://en.wikipedia.org/wiki/Carried_interest https://en.wikipedia.org/wiki/Carried_interest