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April 14, 2016 02:54 pm GMT
“It’s not just the size of the funds but the velocity” at which VCs are returning to their investors, known as limited partners (or LPs), says an astonished Bill Gurley of the venture firm Benchmark. “The Kauffman fund said that billion dollar funds sucked, then everybody went out and raised billion-dollar funds.” Gurley is referring to a 2012 Kauffman… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-65NZmc0Cs8/
Bill Gurley doesnt think these giant new funds are such a great idea
“It’s not just the size of the funds but the velocity” at which VCs are returning to their investors, known as limited partners (or LPs), says an astonished Bill Gurley of the venture firm Benchmark. “The Kauffman fund said that billion dollar funds sucked, then everybody went out and raised billion-dollar funds.” Gurley is referring to a 2012 Kauffman… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/-65NZmc0Cs8/
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