> all of the fees and carry associated with the fund will be donated to non-profit organizations that enable African Americans to enter the technology industry.
if i were a founder, why wouldn't i be bothered by this? if i'm going to be working monomaniacally to make the a16z LPs rich, i want to be making the GPs rich too. if they're funding me out of the CLF, they won't be getting rich so they won't want to help out as much.
if i were a founder, why wouldn't i be bothered by this? if i'm going to be working monomaniacally to make the a16z LPs rich, i want to be making the GPs rich too. if they're funding me out of the CLF, they won't be getting rich so they won't want to help out as much.