One of my favorite trends is venture capitalists who support the DSA. I would love to see them step up and rebrand as venture socialists - take a salary from the 2% fee, then distribute the 20% carry to the founders of their failed portfolio companies.
-
I know but wanted to recognize him as someone who actually thought about it.
Upside’s model is fantastic and seems unique. I know of another fund that has a no fee, no carry allocation for investments from founders...but not sure if that’s public (yet).
-
-
lots of larger funds will have "founder sidecar" vehicles that are no fee which invest pro-rata alongside the main fund, but most new funds can't afford that extra weight.
-
We surveyed founders and found that most had very little interest in getting a piece of the carry. Many felt like it was a distraction, had the potential to introduce conflict of interest, and wouldn't drive taking a check from one VC versus another.
End of conversation
New conversation -
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.