I've considered this model before. Redistribute some % of fund carry to founders who don't have good exits. The goal is similar to having founders take $$ off the table in later rounds: encourage risk-taking and swinging for the fences w/some safety net if things don't work out.https://twitter.com/zackkanter/status/1065436575738281985 …
-
-
It's still risky though. E.g. what if we invested in Theranos or Fab, and those looked like our big winners for a while?
-
Good point. (Silly me brain was implicitly assuming “Good thing nobody ever lost money in growth rounds.”)
End of conversation
New conversation -
-
-
If it were significant enough, wouldn’t it encourage getting into the distribution and then coasting? But most (all?) income redistribution schemes have some amount of moral hazard
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.