3 ms·
Most VCs raise from institutional funds (like banks) don’t they? VCs overall, perform quite poorly. But they’re useful for banks, they need somewhere to put mo
by xevb3k 9y ago
Most VCs raise from institutional funds (like banks) don’t they?
VCs overall, perform quite poorly. But they’re useful for banks, they need somewhere to put money as a hedge against more traditional investments (and currency devaluations in general I guess). For them it’s just a different risk class, and therefore useful for diversifying their risk.