@arvidkahl @spencerfry 🎯

Also, when looking at the incentive structure, we need to look at who bears most of the risk (founders and LPs).

"VCs get paid even when they “fail” to return adequate returns. LPs only get paid when VCs do an amazing job (rare)."

https://techcrunch.com/2017/06/01/the-meeting-that-showed-me-the-truth-about-vcs/amp/