Cost Disintermediation Limited Partner Management 
David Teten
SEPTEMBER 6, 2015
Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform. Urs Cete, the Head of Bertelsmann Digital Media Investments , notes, “If you think you can provide just money, you will be disintermediated.”. They are making substantial exits and are not just cost centers. I don’t think we are.
Growthink Blog
MAY 14, 2014
The result has been a “regression to the mean” - with alpha performance by fund managers being driven as much by randomness and luck (as it has been with public market mutual funds for decades) as by coherent design. Little discussed in most venture fund models are the high costs of deal sourcing, diligence, and oversight.
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