Private Equity Funding Plunges 62% at Calpers Amid VC Fee Review
TheFunded.com Open Letter
Posted by Anonymous on 2009-11-18
The header above was an article published on Bloomberg this week!!
Its about time limited partners WAKE UP and realize that the VCs are screwing them on fees!! Very few VCs ever earn the amount of money they make in fees. They get the nice house in Atherton and the nice cars and lifestyle well before they ever prove they can invest in comanies that give a good return on investment. And all of this amounts to crappy valuations for founders and managers of start-ups. VCs should make no more than the average start up CEO makes in salary and bonus and the rest should be in back end payout when they prove they have made money for investors. WAKE UP LPs!!!
