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Venture Capitalists Get Paid Well to Lose Money

Harvard Business Review

LPs pay VCs like asset managers, not investors. This fixed 2% fee structure creates the incentive to accumulate and manage more assets. Investors have perpetuated a compensation structure where VCs can generate significant personal income over their career, even when they make no money for their LPs. Finance Venture capital'

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Where There’s a Why, There’s a Way

Harvard Business Review

When you are young, or when your why is non-existent or has gone missing, which happens to most of us at some juncture in our business or career, it may be that you just need to move forward. Trish Costello, founder of Portfolia, knows her “why”: assist starts-up in growth and financing. Career planning Managing yourself'

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Could a Four-Year-Old Do What Carl Icahn Does?

Harvard Business Review

Venture capitalist Mark Andreessen, a target of Icahn’s attacks as a board member at eBay, recently likened the 78-year-old to a six-year-old. billion in 2013, making him the fifth highest-paid fund manager in the land. Wait a while. If necessary, write another letter, or a few tweets. Sell stock in the company.

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