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The Gossip Economy (with Kyle Harrison)

Newcomer Podcast

CHAPTER

The Power of Fees on Fees

LPs wise up and if you are just a terrible product, they're going to stop paying those fees. NEA raising a six billion dollar fund where their whole sort of message seems to be like slow, steady, reliable. And so their job is just- How much can you get a cut off? Seriously, literally. You can't earn five 10 X returns on multi billion dollars of capital. That just doesn't happen.

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