Remove Crowdfunding Remove Debt Remove Management Fees
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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. 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. You can''t crowdfund a fund.