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A VC firm charging 20% carry has a massive incentive not to put their civic interests before profit. Plus, if they don't chase returns, their competitors will,
by nprateem 4y ago
A VC firm charging 20% carry has a massive incentive not to put their civic interests before profit.
Plus, if they don't chase returns, their competitors will, then they'll struggle to raise subsequent funds.
Market forces + low interest rates are a recipe for recklessness.