LPs

2 statements across 2 episodes · 1 bullish · 0 bearish · 2 people on the record · first statement Mar 9, 2018 by Andy Bromberg · across every show →

Everything said about LPs, oldest first

Mar 9, 2018

Assertion Partly supported

Bromberg: VC had $12B AUM in 1996, but saw $120B invested in 2000

“In 1996, the venture industry as a whole had an AUM of about twelve billion dollars. In the calendar year 2000, LPs put a hundred and twenty billion dollars into venture.”

Andy Bromberg Mar 9, 2018 ▶ 16:25 Andy Bromberg - Startup Investor School Day 4 · Y Combinator

Jul 11, 2018 positive

Insight

Operating without LPs initially allowed Y Combinator greater benevolence and risk-taking

“Because YC didn't have any LPs at the time, we weren't even constrained by a vague fiduciary responsibility to anyone, and That allowed us to take more risks with who we chose to fund, and it also allowed us to be benevolent to failing startups and that often …”

Jessica Livingston Jul 11, 2018 ▶ 19:21 Jessica Livingston Shares 9 Things She Learned From Founding YC · Y Combinator

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LPs

Everything said about LPs, oldest first

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