fund

“If you're going to be a partner, you have to make a commitment for a decade, if not decades because if you're raising a fund and the promise that you are part of that story for the life of the fund, and by the way, in that fund, you will probably raise fund tw…”

“If we could actually sort of make founders partners in the fund, they would be more supportive of one another.”

“I think ultimately what you're looking for as a founder when fundraising, assuming you have options, is someone you think will be a partner to you, and you know, I always say that the partner means much more than the fund, and so find out how you work together…”

“I've seen a number of funds who basically have come in and wiped out my pro rata or my follow-on, and those funds will never see another deal from me if I can help it.”

“I would say funds have the best margins and the smaller SPVs have the worst. And For some of the smaller SPVs, those are a loss leader for us.”

“Now, we can, the government can spend three percent of the fund every year, and it funds roughly 20% of the state budget.”

“The only way the math works is if you stuff money into the very best company and you don't end up with a balanced portfolio. You end up literally with one company having 20, 30% of your fund in it, and that company turns out to be the big winner.”

“At least 50% of the funds today, and maybe more, either cannot raise, or at least are not sure that they can raise, or they're trying to stall and, you know, not test the market, and I think many of them are not gonna be able to raise.”