This doesn't hold for all of them. As a group VCs, underperform many other asset classes. I think the well known firms tend to earn LPs good money, but aggrega

This doesn't hold for all of them. As a group VCs, underperform many other asset classes. I think the well known firms tend to earn LPs good money, but aggregated it's bleaker. So although money-losing VCs still earn management fees (until they close down), earnings are lower than the example. https://hbr.org/2014/08/venture-capitalists-get-paid-well-to-lose-money https://hbr.org/2014/08/venture-capitalists-get-paid-well-to...