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Cameron Armstrong
@cameron
We glorify life's work outcomes over fund cycle timelines. How do we square this anomaly with the stable happiness for the creators of knowledge capital?
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Ben
@benersing
It's a byproduct of the current nature of risk-on capital markets, plus capitalism wasn't intended to optimize for individual happiness. If anything that's an anomaly.
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Cameron Armstrong
@cameron
So by happiness i mean less in a fluffy sense and more in a "how do we keep competent people going longer because that ultimately increases GDP" <- plenty to debate in that but its a close representation of my first principles Can you flesh out why risk on = shorter timeline celebration?
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Ben
@benersing
I'm not a pension fund manager (LPs of a VC fund), but I imagine that time horizon has to do with optimized IRR and CoC returns potential for VC as an asset class, and how that fits into the manager's total portfolio construction of various assets' own risk/return profiles vis-a-vis the fund manager's total target.
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