tax-free endowments
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement May 30, 2025 by Sam Lessin · across every show →
Everything said about tax-free endowments, oldest first
May 30, 2025 neutral
Lessin: Tax-Free Endowments Compound Faster And Become VC Rule Setters
“If you have a bunch of entities that don't pay taxes, they compound faster than everyone else. If they compound faster than everyone else, over time, they eat the asset base, then they become like the rule setters in some degree.”