They take 6-8% when they first invest, but then they get diluted down by later investments, though they also have the Continuity fund that participates in later

They take 6-8% when they first invest, but then they get diluted down by later investments, though they also have the Continuity fund that participates in later rounds, so that reduces the dilution. On average it’s probably 2-4% by the time companies get past $1B cap.