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E81: All-In Summit: Bill Gurley & Brad Gerstner on markets, downturns & investment cycles
All-In with Chamath, Jason, Sacks & Friedberg
Investing in a Venture Fund
Last year we distributed over six billion dollars, which was more than all the venture we raised in our first five funds. The most important thing is tell your partners what you're going to do and then do it. Because you're making a deal up front. For me, if you're an investor or limited partner in our fund and you want to hold on to it, then also invest my hedge fund. But that is a different liquidity.
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