2min snip

Acquired cover image

Benchmark Part I

Acquired

NOTE

Incentives of an Investor at a VC Firm

The money is the scoreboard and your job is to provide Outsized returns for your limited partners. Making that senior partner's track record better not only does you know good It does you like net negative good because it widens the gap between them and you. Once you introduce a secondary incentive Which you have when there is anything junior senior and the incentive is become senior Then there's a misalignment and whether someone chooses to act on that They're not good for not doing it. They're not evil for doing it. It's just worth acknowledging that New incentive exists so it will change the behavior.

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