Calcats
@calcats.bsky.social
Justice Zealot. Knowledge is Power. Misinformation is destroying our country! Resist! NO DMS.
Reposted by Calcats
How do VC's make money from failed bullshit? Fee structure. Say you're a VC with a 20% carry if the venture succeeds.
You ALSO have a guaranteed management fee of 2% of AUM per year. So you create a $1B "Deep Tech" fund, that's $20M a year. These sci-fi projects take 10 years to fail. That's $200M.
You ALSO have a guaranteed management fee of 2% of AUM per year. So you create a $1B "Deep Tech" fund, that's $20M a year. These sci-fi projects take 10 years to fail. That's $200M.
December 11, 2025 at 9:37 AM
How do VC's make money from failed bullshit? Fee structure. Say you're a VC with a 20% carry if the venture succeeds.
You ALSO have a guaranteed management fee of 2% of AUM per year. So you create a $1B "Deep Tech" fund, that's $20M a year. These sci-fi projects take 10 years to fail. That's $200M.
You ALSO have a guaranteed management fee of 2% of AUM per year. So you create a $1B "Deep Tech" fund, that's $20M a year. These sci-fi projects take 10 years to fail. That's $200M.
Reposted by Calcats
I liked Kamala but the fact that she didn't call for a single recount anywhere after losing to the lyingest, cheatingest POS ever who admitted he was going to rig the election with Elon makes her a non-starter for me! If not now, when do we demand better???
October 25, 2025 at 5:16 PM
I liked Kamala but the fact that she didn't call for a single recount anywhere after losing to the lyingest, cheatingest POS ever who admitted he was going to rig the election with Elon makes her a non-starter for me! If not now, when do we demand better???