3 ms·
Almost all big university endowments follow the Yale Model[0] as they want asset diversification from the large allocation to market beta (total market index fu
by reducesuffering 3y ago
Almost all big university endowments follow the Yale Model[0] as they want asset diversification from the large allocation to market beta (total market index fund) and bonds. Most of the VC $ that funds startup salaries comes from people trying to diversify into other assets outside of the total US market.
[0] https://en.wikipedia.org/wiki/David_F._Swensen https://en.wikipedia.org/wiki/David_F._Swensen