Why Average VC Returns Don’t Really Matter
Agile VC
OCTOBER 23, 2012
Diversification in that a small investor (by large institutional standards), say a foundation with $25M in assets that wants to commit $1M (4%) of their assets to VC, can get exposure to 10+ individual VC funds through a FoF but might only be able to inveset in 1-2 if they tried to do it directly.
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