Incentives and Capital
The discussion highlights how smaller funds, driven by the need to live off carry, foster a scrappy mindset among their teams. As Elizabeth points out, the incentives for limited partners can skew expectations around DPI, with institutional pressures leading to a focus on paper markups rather than actual returns. This creates a dichotomy between patient capital, like angels and family offices, and those managing firm money who may prioritize short-term gains.In this clip
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This Week in Startups
Venture Fund Size Growth, the Rise of Unicorns, and more with Elizabeth Yin and Zach Coelius | E1886
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