Except that the "high reward" part has been missing in the past several years. Hedge funds have been mostly under-performing (compared to the overall market).
Re:I'm bullish on hedge funds
by hkmurakami on Thursday August 18, 2016 @03:48PM
(#12315779)
>Put another way, Startups are just narrowly defined hedge funds.
s/Startups/VC Funds
Also, VC Funds are Narrowly defined PE Funds, which are in turn Narrowly defined Hedge Funds [1], which in turn are narrowly defined Money Managers.
[1]a "hedge fu8nd" should be able to mimic a PE Fund if it chose to do so
Put another way, Startups are just narrowly defined hedge funds. You can be adverse in investing in a risky startup and still be bullish about startups in general.