3 ms·
Not even. I'm seeing seed and series As/Bs on unproven teams of recent graduates with no experience in the field where the "start up" operates. No business pl
by tenpies 7y ago
Not even. I'm seeing seed and series As/Bs on unproven teams of recent graduates with no experience in the field where the "start up" operates. No business plan, no prototype, huge regulatory walls to climb.
It is worst than tulip mania.
- nikanj 7y agoFunds make money on failed investments too. I'd be happy to throw away someone else's money, if I got to keep 20% as a management fee - and a slice of the profits in case one of my lottery tickets is a winner.
- shagbag 7y agoTypically they'd get 2% of assets under management, not 20%.
- zhoujianfu 7y ago2% a year for 10 years..
- gnaritas 7y agoWhich is about 18% of the original investment, not 20, assuming no gains or losses.
- streetcat1 7y agoWhere? Can you give an example?
- x0x0 7y agoDude. Conflating seed (median $2.1m 18q4) rounds with B (probably 10x that) rounds is... not serious.