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There was a Kaiser(? maybe someone else) that over a 20-30 year period, most VCs don't return capital. Your average VC fund absolutely underperforms, and even
by notfromhere 7y ago
There was a Kaiser(? maybe someone else) that over a 20-30 year period, most VCs don't return capital.
Your average VC fund absolutely underperforms, and even the "good" funds sometimes just get lucky and run with that until the good will runs out. Andreessen's 2010-11 funds have underperformed the market.
- WooShoa 7y agoI find it interesting when people make a fundamental miscalculation like you did. They perform EXCEPTIONALLY well … when you start understanding who they are performing for. Gold rush … something, something … shovels. But I know. I know. I speak heresy on this site. I repent and beg for forgiveness for saying the kind has no clothes on.
- twoheadedboy 7y agoSo who are the shovel manufacturers in this case?
- notfromhere 7y agoThey're great for the VCs who want to harvest management fees, but not-great for the institutions who put their cash in. The real question is: as a society should we give 2/20 to people who spend most of their time wasting time on twitter and quoting Sapiens to each other?