4 ms·
but LPs being dumb is acceptable. The job of the VC firm is to funnel that dumb money into smarter investments.
by umeshunni 2y ago
but LPs being dumb is acceptable. The job of the VC firm is to funnel that dumb money into smarter investments.
- nabla9 2y agoNumber of smarter investments don't increase when you add more money. More money + equal amount of smart investments -> ROI decline.