Hi Casters. I wrote about some "inside VC" topics this morning. You may or may not find this interesting. But if you are in VC, particularly early in your career, you should give this a read.

Hi Casters. I wrote about some "inside VC" topics this morning. You may or may not find this interesting. But if you are in VC, particularly early in your career, you should give this a read. https://avc.xyz/reserves,-recycling,-and-returns

> I have seen early stage VCs make way too little on their best companies because they ran out of money and could not keep on participating or they had to sell too soon or some other reason that was effectively poor portfolio and fund management.

This has been me. I've had ridiculously good bets (I bet I could be a candidate for GOAT) but I just deploy all my money or give it away as it comes in. This is intentional though. My hope is someday people will realize my abilities and coinvest with me and give me a small carry.