Re:A16Z is re-registering as a financial advisor, renouncing...
by mattnewport on Wednesday April 03, 2019 @12:20PM
(#19564654)
What you're describing doesn't sound like a particularly good investment. You replace the problem of picking stocks with the problem of picking VCs and have less liquidity. You have the potential for really obscene returns picking stocks too but there's no real reason to think picking VCs is any easier.
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Re:A16Z is re-registering as a financial advisor, renouncing...
by ibarea277 on Wednesday April 03, 2019 @12:26PM
(#19564707)
That is correct. There are not ETFs for these kinds of investment classes, so similar to hedge funds you would need to believe that you are capable of picking the right managers. You also need to be an accredited investor to gain access, and funds like A16Z mostly take institutional money (endowments/sovereign wealth funds etc). Like hedge funds, management fees are very high. But folks want the allure of pre-ipo tech companies...