Right, but you're focusing on the exception. He's focusing on the rule. I'd like to see a VC firm that kills it from dividend payments instead of _soley_ exits

Right, but you're focusing on the exception. He's focusing on the rule. I'd like to see a VC firm that kills it from dividend payments instead of _soley_ exits/IPOs (maybe one exists?). You'd need some very "open" limited partners.