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Finance Entry: July 31st 2008 | 3 months 21 days ago
But Google makes $1.5bn of pre-tax profits every quarter. So this big win generates another 12-13% to the bottom line, but just once. It's not a recurring gain.
Finance Entry: July 25th 2008 | 3 months 28 days ago
Finance Entry: June 23rd 2008 | 4 months 30 days ago
Finance Entry: April 17th 2008 | 7 months 5 days ago
So I can’t say for sure what percentage of total VC firm profits come from the annual fees versus the carry, but it’s big. And as that ratio grows, so does the firm’s incentive to raise (and therefore deploy) large amounts of money.
Finance Entry: April 15th 2008 | 7 months 6 days ago
I used to think of VCs as piratical: bold but unscrupulous. On closer acquaintance they turn out to be more like bureaucrats. They're more upstanding than I used to think (the good ones, at least), but less bold.
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