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Benchmark Part I
Acquired
How Does a Venture Firm Actually Work Economically?
There are multiple parts to the economics of a venture firm. The management company is an LLC that has basically the employment relationship with all of the founders and then it is the sort of umbrella parent over each of the funds. There's also economics on a fund by fund level, which is How is the carry from this fund getting distributed in a percentage basis across everyone?
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