Remove 2000 Remove Lean Remove LP Remove Management
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As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

But as an LP you can’t count on that any more than VCs can. The goal of an LP is to get into the top decile. When it went to raise its fund 10 years ago the rumor was that many LPs were disappointed with recent returns and did not re-up. In 2000 our industry had more than $100 billion in LP money.

LP 374
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Applied Venture and the inexorable rise of value-add VC

The Equity Kicker

From around 2000, and perhaps coinciding with the need to work harder to win deals as opportunities dried up after the internet bubble burst, individual partners at VC firms began adding ‘helping CEOs win’ to their job descriptions. . The GP-LP structure used by most funds is a brake on innovation here too. And what’s holding it back?