Why Mega Funds Return Less
“Not all brand names end up having more muted returns but many of them do, and the fund sizes get larger, the general partners get wealthier, and for some reason the returns get more muted.”
Transcript
so it takes a lot to start a new firm I'll tell you that but so I had been investing in brand name venture funds and emerging managers at the time I launched recast five years ago I've been doing it for about 11 years and
quickly became I became obvious to me as a student of the industry that not all brand names end up having more muted returns but many of them do and the fun
sizes get larger the general partners get wealthier and for some reason the returns get more muted and at the same time there was this next generation of scrappy hungry well networked with the entrepreneurs who matter solo GP's that