Hacker News Reader

I think it is a bold move. In their situation it seems like the right move.

I am seeing a lot of sentiment on HN that feels sorry for VCs. VC already get paid above 200k/year; no need to feel sorry for them.

People should feel sorry for the founders & the employees who did all the work. Now if they get liquidation, then that is good.

View on HN

Big VC funds pay like that.

Entrepreneurs turned VC often don’t have the dry powder to pay themselves well when they use their own cash to start fund 1.

Not all Vc’s are equal.

If you have cash to start a VC fund, are you really worried about how much you can pay yourself from your own money?

What kind of money are you taking about here? I have a cognitive dissonance after reading your post

If you have the money for a VC fund nobody needs to feel sorry for your wallet.

It's not just a return for the VCs, but all the contributors that gave their money to the VCs to invest, like your university's endowment fund, retirement and pension funds, etc.

Reply on news.ycombinator.com