How VCs Make Money

Re:How VCs Make Money by notfromhere on Wednesday November 13, 2019 @09:43AM (#21524617)

There was a Kaiser(? maybe someone else) that over a 20-30 year period, most VCs don't return capital.

Your average VC fund absolutely underperforms, and even the "good" funds sometimes just get lucky and run with that until the good will runs out. Andreessen's 2010-11 funds have underperformed the market.

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Re:How VCs Make Money by WooShoa on Wednesday November 13, 2019 @09:56AM (#21524787)

I find it interesting when people make a fundamental miscalculation like you did. They perform EXCEPTIONALLY well … when you start understanding who they are performing for.

Gold rush … something, something … shovels.

But I know. I know. I speak heresy on this site. I repent and beg for forgiveness for saying the kind has no clothes on.

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Re:How VCs Make Money by notfromhere on Wednesday November 13, 2019 @05:11PM (#21530194)

They're great for the VCs who want to harvest management fees, but not-great for the institutions who put their cash in.

The real question is: as a society should we give 2/20 to people who spend most of their time wasting time on twitter and quoting Sapiens to each other?

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Re:How VCs Make Money by twoheadedboy on Wednesday November 13, 2019 @12:43PM (#21527023)

So who are the shovel manufacturers in this case?

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