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As far as I know there's no reason why it wouldn't work, as long as you can find a bunch of rich people and/or pension funds willing to give you lots of money.
by hugh 18y ago
As far as I know there's no reason why it wouldn't work, as long as you can find a bunch of rich people and/or pension funds willing to give you lots of money. There are presumably legal issues involved with setting it up as a proper venture fund, but it should be fairly straightforward once you hire the right lawyer.
But of course, finding a bunch of rich people and/or pension funds willing to give you a lot of money is the hard part, and by "hard" I mean "almost certainly impossible". But hey, good luck!
- tonystubblebine 18y ago"as long as you can find a bunch of rich people and/or pension funds willing to give you lots of money" I had a VC explain to me that the primary skill needed to be successful was the ability to raise money from the limited partners, not to be a great picker of companies.
- tptacek 18y agoIsn't this like saying "the primary skill needed to be a software entrepreneur is the ability to get purchasing managers to write checks, not the ability to write good code"?