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"yes, I’m becoming a VC" he specifically says he that he will BE a VC and not JOINING a VC. I don't get it. Does that mean he will be investing his own money s
by kinkora 15y ago
"yes, I’m becoming a VC"
he specifically says he that he will BE a VC and not JOINING a VC. I don't get it. Does that mean he will be investing his own money specifically? I never knew mg had that much personal funds to invest in.
For those of you who knows about this specifically, can someone enlighten me?
- mrshoe 15y agoA VC invests other people's money. Specifically, a VC is a general partner in the firm and they invest the capital of the limited partners.
- deleted 15y ago[deleted]
- channelmeter 15y agoA VC invests other institution's money, ie CalPERS, Virginia Teacher's Retirement Fund, Vanguard Mutual Fund, etc., who become the Limited Partner. They make money by generating a management fee (generally around 2.5%) and on the returns of investments.