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by kra34
3803 days ago
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The limited partners who give VCs money include managed pension funds, college endowments, and others that very much relate to middle america. It's not all the VC's money that is being burned. They get a 2% annual rake and they can usually ponzi scheme their way to profitability through existing relationships or getting out profitably at the initial IPO price of a company (very rare these days) |
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