http://www.bothsidesofthetable.com/2013/01/26/should-startups-announce-their-funding/
General Information
- Industry convention only requires VCs to put up 1% of the total capital of the fund – the perhaps misleadingly named GP “commitment”. (source: Founder's Fund)
- At Founder's Fund, about 20% of the total capital they manage is their own capital. (source: Founder's Fund)
- So in a certain respect VC funds are very similar to hedge funds.
Entrepreneurs who didn't take VC funding
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