I Don't Like the Incentive Structure

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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

J+M break down Cathie Wood's new VC fund (1:53), Bill Gurley's best insights from his interview with McKinsey (26:13), and Girls Who Code making a banned books list in a Pennsylvania county

(0:00) J+M tee up today's venture-heavy topics!

(1:53) Cathie Wood's new VC fund: Ark Venture Fund

(12:34) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(13:42) Opening up VC funds and early-stage investing for retail investors, signs of the start of a recession

(24:46) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.io/twist

(26:13) Reacting to Bill Gurley's interview with McKinsey

(33:51) FanDuel Sportsbook - Sign up with promo code TWIST to place a $1000 risk-free bet at https://sportsbook.fanduel.com

(34:54) More on Gurley's insights: short memories in VC, accepting reality, startups raising too much money, layoffs

(47:32) Girls Who Code made a banned books list in a Pennsylvania county

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