Akkina: Family offices should require investment staff to co-invest personal capital
Ryan Akkina · Ryan Akkina: How MIT Builds Their Venture Fund Portfolio & How MIT Approach Direct Investing | E1109 · 20VC with Harry Stebbings · Jan 29, 2024 · at 35:35
Ryan Akkina of MITIMCo (MIT's endowment management company) proposes an ideal incentive structure for family offices to encourage responsible risk-taking.
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“I, you know, if I think, if I had a blank sheet of paper, if I were running a family office, let's say, I would probably do something where, one, people would be required to invest a lot of their own money in the investments the firm was making. You know, either money they already had or a large portion of whatever their bonus might be. And I would probably say yes, there has to be some kind of incentive structure, maybe over a suitable hurdle.”
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