4 ms·
The own x% thing is a consequence of two things: fund size and taking board seats.
by pg 16y ago
The own x% thing is a consequence of two things: fund size and taking board seats.
- bravura 16y agoCould you explain?
- pg 16y agoThere's a limit to the number of boards a partner can stand to be on simultaneously, which means if investment = board seat, the number of investments per fund is limited. And if fund sizes are big, that means the average investment has to be big. Which means you have to get a large percentage of each company to generate the returns you need.