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Venture Capital - Is There a Middle?
Ando: It took 30 years, or forty years of venture capital as a profession for the arbitrage of profits to go away from general partners. There is some room in the middle, but 's not the room that there used to be in the middle,. And you know, i think the industry has found that out painfully over the last ten years. But this really interesting thing of life, it took a long time. You can't ju take home ten million dollars in fees every year, even if you're sequoia. So flip side of this coin, both on the the staffing and the services side of things, but also on the deals, in the valuations front.