AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Quiet hiring, Semafor’s $10M SBF buyback + M3GAN and The Last of Us with Lon Harris | E1661
This Week in Startups
LPs Can Sue for Gross Negligence
The way it works now is that LPs can sue for gross negligence, which covers reckless or purposeful acts. According to Politico, these rules in fact would not just apply to VCs, but also like you said, PE firms, hedge funds and real estate investors. Right now, you probably wouldn't be sued for the minimal diligence part. But if the rules change, it would expand liability to simple negligence.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode