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Simon Lack reports in The Hedge Fund Mirage that from 1998 to 2010, hedge fund managers earned $379 billion in fees, while their investors earned only $70 billion in investing gains. I think there are many more opportunities to disrupt the space. Would you pay a $379 tip for a $70 meal?
Paris, November 1998. Done deal: after a quick syndication with the kitchen team (their job was at stake, so they were easy to convince.), Feedburner Network. Paperblog network. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Saturday, December 09, 2006.
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