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Benchmark Part II: The Dinner
Acquired
The Cash and Cash Multiple Is a Real Problem for LP's
I think of it as an LP and the benchmark fund. The purpose is not, we don't show up and say, let's drive returns. It would be alienating to everything we stand for to think of it that way. Asymmetry is a 20x, 50x, 100x fund. And I want this to be- many of us are this place where we pay crazy.
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