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Interesting. It hadn't occurred to me that there might be a distinction there. I had always kind of equated VCs with "funds new businesses".
by TheTarquin 19y ago
Interesting. It hadn't occurred to me that there might be a distinction there. I had always kind of equated VCs with "funds new businesses".
- rms 19y agoI think the distinction here is that the YC partners are investing their own money and the VC are funded mainly by limited partners. In the case of Sequoia, Harvard is a huge limited partner. Though I heard there was a dispute between them because Harvard only wanted to invest in Sequoia's US branch and not the foreign ones. I'm not sure how it was resolved.
- ericwan 19y agoThat was Yale.