Paul Graham on Twitter: "VC funds are not hedge funds. Nor do LPs want them to be. They want different funds to invest in different things so they can mix them to create exactly the asset cocktail they want.… https://t.co/t1tTFXTGSh"

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1. Show replies
1. Andrew Veitch‏ @the_veitch Mar 25
  Replying to @paulg @balajis
  
  Exactly. I am a fan of crypto but I wouldn’t want it in my VC fund. I love whisky and I love coke but I wouldn’t want them mixed together.
  
  1 like
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1. Max‏ @max_sixty Mar 25
  Replying to @paulg @balajis
  
  Hedge fund LPs don't want that?
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1. Alexandros Tanti‏ @AlexandrosTanti Mar 25
  Replying to @paulg @balajis
  
  Not sure what’s more ridiculous, the concept of “timing” markets which is the definition of fooled by randomness, or suggesting that an asset class can teach how one should trade it..
  
  10 likes
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1. Zeal Caiden‏ @zealcaiden Mar 25
  Replying to @paulg @balajis
  
  Our family office is going to dumpster everyone’s IRR lmao y’all figure it out
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1. Gabriel Messias Ruiz ‏ @MessiasRuiz Mar 25
  Replying to @paulg @balajis
  
  How beautiful and advanced us human have become. I hope you all find good investment vehicles to maximice value to shareholders. Indeed I cannot find any underlying problem with this society, all seems soo good and we must keep on progressing.
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1. Nicholas Louis Capet ‏ @justpersnickety Mar 25
  Replying to @paulg @balajis
  
  Their EXACT cocktail should include more women and minority founders since their current recipes are light on these two ingredients. #vcs #startupspic.twitter.com/Uk1TtQrCcO
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1. Mattttt‏ @WaraichMatt Mar 26
  Replying to @paulg @balajis
  
  “Asset cocktail” Great way to put this
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