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The Dislocation of Venture Capital Firms
A lot of these companies were in older funds, but interesting enough, another big dynamic was companies where the lead partner or general partner was no longer there. Just by how venture firms work, which is based on the power law, most general partners have a lot of companies are generally overloaded. So they were great candidates. We did the analysis for us to have a group of folks come in and really manage that. It just didn't make sense in terms of the motion for the firm. And part of it is I actually thought there was a real opportunity here.