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> middle-management kept asking for more developers, though, so everyone was happy. > reply not at the expense of pension funds used by VCs.
by dbancajas 6y ago
> middle-management kept asking for more developers, though, so everyone was happy.
> reply
not at the expense of pension funds used by VCs.
- mbesto 6y ago> not at the expense of pension funds used by VCs. This trope needs to die. Pension funds are heavily diversified investment vehicles of which VC is one part of the asset allocation. If a pension fund CIO (Chief Investment Officer) weights their asset allocation towards too much of the VC asset allocation then yes this is a problem - but they don't. In fact they have made size-able returns as a result of simply being disciplined about the risks and rewards of VC as an asset class.