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

@fredwilson.eth not quite as rosy a topic as reserves, but how does USV think about recalling capital?

I help you make better long-term decisions with NFTs and crypto through my blog: lebowski.mirror.xyz

Otherwise just shitposting memes

I am not sure what you mean by "recalling capital"

Realized capital from an investment in a company that is distributed to LPs from the VC, but contractually able to be “recalled” from the LPs back to the VC so as to recycle into new investments

Never seen that. Didn't know it is a thing

Thanks. I didn’t know it was a thing either until recently…