Limited Partners Quotes

If I were to leave and raise a venture fund, I would have to find 10 or 100 LPs. They would all give me a bunch of money, and I would take a percentage of that to pay myself. They would expect me to invest that over the next three years, and they want that money back in seven or eight years.

There are times I think it might be nice to have deep-pocketed limited partners to provide me with some cushion. But I enjoy having no responsibilities except to myself, financially.

The better I get at investing in and helping companies, the result is more founders who are excited to work with me and more of my wonderful limited partners insisting I take piles of their loot to keep it all going.

Historically venture capital funds have only allowed elite investors in.

I've kissed just three people in my life, other than stuff that I've done for TV or movies. I know - I'm weird!

At the end of the day, VCs have to provide their limited partners with great returns, or they aren't going to be able to raise another fund.

I wish more LPs would blog to help VCs and entrepreneurs understand them better.

The private equity world is a relatively small one. There are currently probably a few thousand professional jobs worldwide. In private equity, that's probably about all there is. So in the scheme of things, the firms are all relatively small.