Remove Buyout Remove Crowdfunding Remove Stakes
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Why being a VC sucks. Advice to anyone who wants to get into venture capital.

This is going to be BIG.

If you''re looking to optimize for wealth or own a majority stake in a professional sports team, you''re better off doing buyouts, distressed debt, or hedge funds. You can''t crowdfund a fund. VC funds just don''t scale and so you don''t get the huge management fees and other worldly carry that you do from funds with big Bs.