3 ms·
If you piss off your LPs you won't be fundraising another fund.
by dannyw 4y ago
If you piss off your LPs you won't be fundraising another fund.
- peter422 4y agoCorrect. The fund also isn't going to be returned for 5-10 years, so even if you are making great investments that will have huge returns in 10 years, if you have a bunch of annoyed LPs now, you may still essentially get knocked out of the industry.