About Me
Hi. I'm Mike Kane, a Philadelphia guy investing in early stage venture companies. I co-founded Pour Richards as a way to bring interesting people together to talk about ideas. This saved me the enormous trouble of having to be interesting myself.Pages
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Recent Posts
Tag Archives: venture fees
Rent-Seeking in the Fund Industry
Imagine you’ve just enjoyed a nice meal at a fine restaurant when the waiter brings over the check. On looking at it, you discover there’s a 10% surcharge for “marketing expense”. When questioned, the waiter explains that this is a … Continue reading
The Lack of Alignment in Venture Funds
In an earlier post, I discussed the problem of vintage year risks found in traditional venture funds. There is an additional problem around the lack of alignment between the GP and the LP, and again between the GP and the … Continue reading
Posted in Traditional Venture Model, Uncategorized, Venture Capital
Tagged alignment, entrepreneur, GP, LP, management fees, venture, Venture Capital, venture fees
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