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Andreessen Horowitz Part II
Acquired
Exactly. You Show Me the Incentives, I'll Show You the Behavior.
Mark and ben Benchmark raised a $300 million fund in the 1990s. They decided they didn't need management fees because they had already made plenty of money. The idea still permeates venture to this day, that the series is the real craft of venture. It's where the shoe leather really gets polished so to speak.
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