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Elliott Pearce's avatar

Another side note - if a16z's web3 fund has a typical 2 and 20 structure (2% management fees and 20% of excess returns above a certain point), they're making $90m PER YEAR just in management fees from this fund.

This doesn't include any of their other funds as well.

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Jonathan V. Last's avatar

That's the business we should all be in.

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Substacker's avatar

Yup, with carried interest. Thanks Senator Sinema!

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