Good insights on how a particular legal structure (the limited partnership) gave rise to the modern Silicon Valley venture industry, discussing how the key fina

Good insights on how a particular legal structure (the limited partnership) gave rise to the modern Silicon Valley venture industry, discussing how the key financial incentives (the "carry" in particular) and the key investment window (up to 10 years) are peculiarly tied to that structure. Somewhat technical but interesting, especially for Valley historical buffs.