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They’re trying to get exposure and diversification at the same time, while potentially seeing co-investment dealflow. They all have great networks, above market performance and some special sauce that sounds nice but you’re not 100% clear it makes sense as a way to boost returns or get access to deals.
That believe has not only translated into the most diverse portfolio run by an investor who looks like me, with over 50% of the teams including diverse founders, but also into top quartile returns in our last fund. I generally accept any invite to speak or answer questions in front of a public group that I get.
I'm not pro-looting, but I am pro having an honest conversation about who gets to break the law, especially when mostly white investors people get to profit from it. And investors? Well, you would have needed to be a wealthy, accreditedinvestor to get in on the upside, and only 3% of Americans meet the criteria to do that.
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