LPs

“I've heard several folks talk about how they're reducing commitments by 50%, two thirds, or in some cases, a hundred percent, particularly after the mad rush for capital over the last couple of years or capital commitments, I would say for the last couple of y…”

“Many LPs are actually bonus on the paper mark, and this is something that a lot of people don't realize, and so they don't have an incentive to dial around to the GPs and say, get your marks right, because it's actually gonna reflect poorly on them if they wer…”

“I think that LPs have made a couple of very big mistakes. And I think the biggest mistake that they've made is by smearing too much money across too many general partners.”

“The data that I think LPs look at shows that smaller venture funds tend to perform better for this reason, 506 hundred million dollar funds.”