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6min chapter
Capital Formation and the LP / GP Relationship (with Altimeter’s Meghan Reynolds)
ACQ2 by Acquired
LPs Need to Understand Where They Own Capital
I think it's something to keep in mind when you're managing relationships is that people need to know what they own. Never take for granted that they understand where you're invested and where you have exposure, where there's risk. Companies are sitting on a lot of cash and don't need to raise rounds right now. There's no impetus to go have a mark happen so many companies are sitting on cash.
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