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It's an insightful explanation - the structure of funds, expectations of LPs, common practices in the industry, and reputation concerns lead to some incentives
by lionhearted 15y ago
It's an insightful explanation - the structure of funds, expectations of LPs, common practices in the industry, and reputation concerns lead to some incentives that are logical for a VC to follow, but perhaps inoptimum.
- einhverfr 15y agoSo it also explains why so many VC's do not want businesses to bootstrap.