20VC
Private-market fundraising and fund views, on a very dense schedule
TopicsInvesting & Business
PriorityT2
1:08:55The Twenty Minute VC
0914
A University Endowment CIO: Fund Lives Are Too Long, and GPs and Our Math Don't Line Up
The only reason private markets exist is to make money — but 15-to-18-year fund lives put GP incentives out of sync with endowment compounding math. What you should chase isn't the return multiple, it's the velocity of capital.
8 Points
8 Quotes
LP perspectiveAsset allocation
1:15:43The Twenty Minute VC
0912
Engineers stopped writing code a year ago, and AI employees tripled the company
Eight Sleep's email marketing team went from 2 people to 0 and now drives close to $100M in annual revenue; engineers stopped writing code a year ago and hundreds of AI engineers replaced them. Matteo has started counting ‘human employees’ and ‘AI employees’ — count the AI in, and the company is three to four times its current size.
8 Points
6 Quotes
AI employeeshardware startups