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Benchmark Part II: The Dinner
Acquired
I'm Happy to Pay the Fees
For the super majority of my investment in benchmark, I'm paying limited partner rates and management fees. As a GP, I paid carried interest and management fee to my fellow GP's as an LP. And that's crazy. We have aunts and uncles. We don't have overlords that are there getting their people out. That is taking it to every extreme along the way. You never want the partner to feel like they're working for Peter in this case.
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