[caseyallen]

Except you need to factor in a 30% carry, not 25%. This was stated in a 2015 New Yorker interview covering Marc and the firm.

2 and 30.

Source: http://www.newyorker.com/magazine/2015/05/18/tomorrows-advan...

[dharmon]

Oh wow. You're right. I remembered that it was higher than the usual, but not that much higher. Thanks.

[ohazi]

I thought it was 3 and 30 (which seemed pretty arrogant at the time). Have they backpedaled?

https://erickschonfeld.com/2012/08/28/3-and-30/