Overpromise and high expectations! Many funds are not profitable and they can’t do much about it.
According to Garry Tan from a Top 100 VC list “I never really paused to consider Gor rare it is for venture capitalists to actually be successful at what they do.
Everyone’s deck says they’re going to get you 10X or 50X return, but to even get 3X net on any consistent basis is very rare.”
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