i'd like to think a guy that has been at the center of the technology beat with some of the best opinions in the biz is a good person to have on the VC side.
he specifically says he that he will BE a VC and not JOINING a VC. I don't get it. Does that mean he will be investing his own money specifically? I never knew mg had that much personal funds to invest in.
For those of you who knows about this specifically, can someone enlighten me?
A VC invests other institution's money, ie CalPERS, Virginia Teacher's Retirement Fund, Vanguard Mutual Fund, etc., who become the Limited Partner. They make money by generating a management fee (generally around 2.5%) and on the returns of investments.
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[ 4.3 ms ] story [ 35.2 ms ] threadhe specifically says he that he will BE a VC and not JOINING a VC. I don't get it. Does that mean he will be investing his own money specifically? I never knew mg had that much personal funds to invest in.
For those of you who knows about this specifically, can someone enlighten me?