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Re:Ask HN: How are venture capitalists compensated? by LedZeppelin on Tuesday July 30, 2013 @02:26AM (#6125618)
In your example don't you mean 32mil to the firm and 8mil to the partners?
Re:Ask HN: How are venture capitalists compensated? by aptwebapps on Tuesday July 30, 2013 @12:29PM (#6128071)
No, he meant what he said: the firm is the VC firm and the limited partners are the investors behind them.