I'm starting a hedge fund called "All on Black." Basically you give me all your money, I take a 2% management fee, then go play roulette. There's a 50% chance I almost 2x your money (before fees, of course).
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And if you lose all my money, you have to babysit my kids because I can’t afford day care. NOW we’re aligned.
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I'll take care of that out of the management fee, if necessary
End of conversation
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That's pretty much it.
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you're talking about vc, right?
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