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The VCs didn’t lose any money, they lost money entrusted to them to manage.
by gaius 8y ago
The VCs didn’t lose any money, they lost money entrusted to them to manage.
- jacquesm 8y agoSome of them lost their own money, some of them lost their LPs money, but given the fact that they failed the DD I would not be surprised if those LPs have a claim on the managing partners.