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Venture Is Not Where Buyout Was in 2010
The buyout industry had not yet professionalized and upleveled to this point when you started in 2010. Now obviously they have 30 plus years past barbarian at the gate. By 2015, 100% of the firms will have dedicated people managing fundraising investor relations strategy or they outsource it. I think venture right now is probably where buyout was in 2010.