11 Comments
Feb 12, 2023Liked by Kyle Harrison

The debate of IRR, MOIC, and other benchmarking metrics for venture funds is a hot topic indeed. Great article 👍🏼

Expand full comment

Loved how you broke down the typical fund lifecycle for us

Expand full comment

Great intro!

Expand full comment

it's not the main point, but most (all?) funds have some management fee step down after the initial investment period/when next fund is raised/some sort of milestone.

Expand full comment

Excellent article detailing the implications of dry powder. It is fascinating to follow the incentive line that you lay out. It will be interesting to see where this goes.

Expand full comment

OMG! I love wet powder. This is exceptional

Expand full comment

Great read! Is there such thing as reserve ratios in LP agreements to ensure some baseline level of capital calls be met?

Expand full comment