The big takeaway from the journal article is a16z charges 30% of profits. Top hedge funds are known for 2 & 20, and Berkshire Hathaway doesn't charge anything.

The big takeaway from the journal article is a16z charges 30% of profits. Top hedge funds are known for 2 & 20, and Berkshire Hathaway doesn't charge anything. 30% is murder. Scrutiny is justifiable.