6 ms·
This isn't really accurate. VCs would much rather get paid 20+% carry than 2% management fees (and raising a follow-on fund would be quite difficult if you fail
by rmnoon 6y ago
This isn't really accurate. VCs would much rather get paid 20+% carry than 2% management fees (and raising a follow-on fund would be quite difficult if you failed to make returns and publicly blew most of your fund on a boondoggle like Magic Leap).
- fermienrico 6y agoAt some point reputation is on the line I would guess. The whole credit system and all.