if you have a small fund the 2% barely keeps the light on I see some articles congratulating people who’ve raise $5M funds. If the fee is 2% you only have $100

if you have a small fund the 2% barely keeps the light on I see some articles congratulating people who’ve raise $5M funds. If the fee is 2% you only have $100K to pay yourself and run the business. Not exactly rolling in dough.