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A comment on Ask HN: How are venture capitalists compensated?.

Re:Ask HN: How are venture capitalists compensated? by wmf on Monday July 29, 2013 @01:32AM (#6119517)
You're probably better off googling how VC works, but AFAIK all of the equity would be effectively owned by the limited partners so the VC can't really take it. The VC's profit comes from carried interest.
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