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My friend Dan Malven wrote about this on his blog yesterda y: A working paper published by the National Bureau of Economic Research (NBER) in November 2020 contradicts that notion, showing that half of all VC fund managers outperform the public markets, and are therefore worthy of institutional investment.
“Our sweet spot today is catering to business owners, C-suite executives, senior executives, entrepreneurs, people who are qualified purchasers or accreditedinvestors.” . “Investing in technology has really been paramount to providing a seamless client experience,” Michael says.
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