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True but maybe not so significant. Without hits the VC can't raise the next fund. Fees are real but I'm not sure they drive model or the viewpoint. IMO the l
by chernevik 15y ago
True but maybe not so significant. Without hits the VC can't raise the next fund. Fees are real but I'm not sure they drive model or the viewpoint.
IMO the larger divergence of interest is investment of time. Financial risks can be diversified or hedged, but there is no protection against lost time.
- damoncali 15y agoDon't be so sure. In a down economy, with a large fund, the fees can be so large as to be demotivating. What's 2% of a billion dollars? A fuckton by my standards.