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.
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.
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.
That's the business we should all be in.
Yup, with carried interest. Thanks Senator Sinema!