older funds
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Nov 9, 2020 by Derek Zanutto · across every show →
Everything said about older funds, oldest first
Nov 9, 2020 negative
Zanutto: Established VC firms lose performance sensitivity due to stacked management fees
“A younger fund's partners will make nearly all of their money based on how well their underlying portfolio companies perform, while older funds will be less sensitive to underlying investment performance given the steady stream of stacked management fees that …”