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3 things GPs and LPs say to each other behind closed doors... Do you agree or disagree? 1️⃣ VC “platforms” are BS. Why? Founders just want to focus on building their companies and don’t necessarily need or want constant support and services from the VC’s platform team. 2️⃣ The money flood has spawned an explosion of VCs. Assets under management have over the last ten years gone up by 6x. The number of investors in 2013 was 6,000. Now, there are 60,000. 3️⃣ Family offices offer hassle-free capital, but big money is always big money. Smaller funds may seem easier for LPs to underwrite, but even family offices hesitate when the checks grow. A $25M investment demands more scrutiny and a stronger track record. Read more from Allie Garfinkle in Fortune Term Sheet (Link in Comments). #VentureCapital

  • Fortune Term Sheet

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