if you stay long enough at a VC fund you can finally make it to principal, the highest rank you can achieve before being told that you're not partner track
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Replying to @itunpredictable
i’m a noob, why would someone who’s talented and dope want to be a partner instead of starting their own fund?
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Replying to @mikedemarais @itunpredictable
Among many other reasons, it’s the choice from Paradise Lost: to serve at a firm with $1B per partner or reign at one with $10M. The economics are plausibly a lot better at option #1, for decades, even in #2’s success case.
8:32 AM - 2 Dec 2019
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