23 ms·

Actually only the top few are smart.

• rdl 15y ago
  Is it that the top funds are packed with smart people, or there are smart people at the top of a lot of funds with lots of less-intelligent junior people? From what I've seen, the top funds (at least the smaller ones) are 75+% smart people (at partner level; I never met enough associates/principals to evaluate them); there are entire bad funds full of mainly dumb people from the top down. This is kind of different from operating entities, where even stupid-dominated organizations often have some great people hiding out, or even entire great teams.
  • chunkybacon 15y ago
    I think pg has a different definition of smart than you do. Think Chuck Norris smart and you'll be on the right track.
    • mathattack 15y ago
      Is this supposed to allude to, "Fred Wilson's doesn't want his companies to IPO, IPOs want to Fred Wilson" or something like that?