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VC Funds - You Know, You Know?
The SEC is considering a rule that would make it easier for investors to sue if they lose money in VC funds. Michael Lewis: The idea of like making it easier to sue over this, like you knew what you were getting into when you signed up,. It would be gross negligence on behalf of the LP. To sign up to invest in the riskiest class of investing and then be mad when they lost some money.