> Several years into my time in San Francisco, someone explained to me how, as a partner at a venture capital firm, they were expected to commit personal capita

> Several years into my time in San Francisco, someone explained to me how, as a partner at a venture capital firm, they were expected to commit personal capital to the fund, which is often several percentage points' worth of the total fund size. So I have been out of this mess for a long time, but at least at some point, this was literally the definition of being "a partner" in a firm (investment or otherwise). It's not a title you get by working hard. You buy in if you want the gains, and that means you're also taking on the risk. This whole essay feels like someone reckoning with the capitalist class, or difference between being rich and being wealthy, for the first time. "What do you mean risky investments don't always shake out fairly? That's not what I learned in my MBA!"