5 ms·
> In some cases, we were making a conscious act of generosity to another, younger venture firm, down on their luck, who we felt could really use a billion dolla
by adamzerner 11y ago
> In some cases, we were making a conscious act of generosity to another, younger venture firm, down on their luck, who we felt could really use a billion dollars in gains.
What? I never would have thought that firms did this.
And the fact that it's the first of two reasons listed sends the message that it's something they do more than just once in a while.
- csbrooks 11y agoI think that would be a joke.
- alex_sf 11y agoThey're just being facetious. That reason is immediately followed up by: > In other cases, our partners had already run out of spaces on the year's Schedule D and feared that another entry would require them to attach a separate sheet.
- adamzerner 11y agoI see. Thanks.