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It's a long way from $20-150k to $41 million. And many other industries work this way. Biotech and oil & gas come to mind. In fact, the tax laws around carried
by drumdance 15y ago
It's a long way from $20-150k to $41 million.
And many other industries work this way. Biotech and oil & gas come to mind. In fact, the tax laws around carried interest were enacted to encourage oil & gas exploration.