Venture capitalist Steve Ballmer says he loved the idea of a "scout" program. He said it would allow him to scout companies and offer them cash if they made an investment. The fund, however, wouldn't be officially called scouts but rather your radar network.Ballmer: I was thinking of doing ti cans a lot - ten k zero carry five k, five % of our carry,. One of 20 points, or zero cash and two points of carry, ten% of our carry.
Ben Gilbert & David Rosenthal from Acquired join to discuss David's new venture fund Kindergarten Ventures (00:56), how to structure a VC fund (12:16), Jason's super pro-rata strategy (30:17), podcasting (35:50), and they tease the next episode on "The Mount Rushmore of Venture Capital" (56:11) & more!