Bonzom: Many VC fund managers profit from management fees over carry
Arnaud Bonzom · VC AMA with SaaStr CEO Jason Lemkin and Black Mangroves MD Arnaud Bonzom at SaaStr APAC 2023 · May 18, 2023 · at 3:58
Arnaud Bonzom, Managing Director of Black Mangroves, discusses why venture fund managers are incentivized to raise larger funds regardless of market discipline.
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“A lot of them make their money out of management fees and not so much on carry.”
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