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by beachstartup
4710 days ago
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> The first $1m would be payed back to the entire syndicate i'm not an expert but i believe the carry is the portion above and beyond the promised return - in this case, the syndicated invested $1m, the promised return (let's call it 10% a year) would then be $1.1m (let's call it a year of waiting). wouldn't the carry (the "bonus", basically) be 20% of $2.9m? or maybe these deals lack a promised return and define the carry as anything beyond returned principal? |
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