Agile VC

OCTOBER 23, 2012

LPs investing in venture hold a subset of all the funds in the VC universe by design (see #4 & 5). It’s true that FoFs provide LPs a way to purchase VC funds in a basket, but by design these are comparatively narrow actively-managed investment funds rather than broad-based passive vehicles.

LP 176

LP Accredited Investor Carried Interest Distribution 176

Steve Blank

MARCH 26, 2014

A corporation, by contrast, is a permanent organization designed to execute a repeatable, scalable business model. Worse, Robert Adams and his two partners got 20% of the carried interest in the fund, resulting in payouts of $30 million to the partnership. First, let me recap a key insight for me from Steve’s post.

Startup 331

Startup Business Model Lean Russia 331

Steve Blank

OCTOBER 29, 2009

Ampex’s first customer was Bing Crosby who wanted to record his radio programs for rebroadcast (and had exclusive distribution rights.) But the biggest innovation was the “carried interest” (called the “carry”.) Aligning their interests with their limited investors and the entrepreneurs they were investing in.

Silicon Valley 130

Silicon Valley SBIC San Francisco RSS 130