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Cathie Wood's new VC fund, Bill Gurley's best insights, Girls Who Code on banned books list | E1571
This Week in Startups
I Don't Like the Incentive Structure
i don't like this becauseis, you've been saying that retail investors should have an opportunity to participate in private markets. The incentive for the g p, the general partner here, or partners, is a not to increase the value of the company. You're getting this management fee, but you're not getting the 20 % carried interest - which i think is a little bit more intellectually in line. If there were, you know, if there was a team of, i would say you need a team of 15 to sort of manage this 20 maybe. And i'm talking about bacc office people who maybe aren't as expensive. I guess it could work a but, ye, it
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