Disintermediation Limited Partner Operations 
Growthink Blog
MAY 14, 2014
These high fees obviously eat away at returns, and more profoundly are in contrast to the “disintermediation spirit” so at the heart of modern technology investing. Now, funds do work to charge some of these costs back to their portfolio companies, but usually these offsets flow to the fund’s General and not its Limited Partners.
David Teten
SEPTEMBER 6, 2015
Teten: How is the corporate VC model evolving: in how they interact with portfolio companies or the operating side of their organization? Urs Cete, the Head of Bertelsmann Digital Media Investments , notes, “If you think you can provide just money, you will be disintermediated.”. They used to come in at series B and later.
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