As Populist as it May Feel, 98% of VCs Aren’t Dumb
Both Sides of the Table
MAY 25, 2013
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.
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