Venture Funds

Yeif you think about sort of an endowment a and sortof the way endowments work, thatman, many l ps, i'm sure, are much more averse than i am. But sbasically, you get a pile of cash, and then it spits off some interest every year, and you never have to dip into the pile of cash. Ah, and that's actually, i think, why over the last couple of years, you've seen so much money flow into venture and the sasse class,. There's no yield to be had anywhere else. If you want growth in your portfolio, the only place to get it has been venture capital and private