In venture, there are two tables, and VCs are the go-between.
There’s one where VCs listen to founders hawk their shares and make deals to gain purchase in growing companies, all for a cut of the eventual upside.
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And then there’s the table where venture capitalists negotiate subscription agreements with limited partners—the institutional money managers and (ultra) high-net-worth folks who, more often than not, are simply seeking (if not always achieving) asymmetric returns on capital via alternative asset classes, like equity stakes in high-growth private companies.
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