Naval Ravikant: VCs earn high fees because money is a commodity
Naval Ravikant · 20VC: AngelList's Naval Ravikant on The Secrets To Success At Seed, Why Micro VC Is The Return of Traditional Series A & Why We Will See The Unbundling Of Traditional VC Brands · Apr 10, 2017 · at 13:17
Naval Ravikant, co-founder of AngelList, discusses why investor brand and advice are essential differentiators in venture capital on The 20 Minute VC.
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“So VCs get paid really well because they're selling a commodity at its core, and that commodity is money. So they have to add on advice and brand, and those advice and brand become really important.”
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