The Big VC Thaw – Why The Market is Moving Again (part 2 of 3)
Both Sides of the Table
OCTOBER 1, 2009
But you can’t keep your pocketbook on the sidelines forever and still expect LPs (limited partners or the people who invest their money in VC funds) to pay you 2% management fees every year. style euphoria that swept the Valley beginning in 2005. Notice that I didn’t say “social networking.” Seems an obvious fit.
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