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Fund Admin Is Broken

by carta.com posted 3months ago 2400 views
Today, VCs can tell a limited partner that they invested $10M and it’s now worth $20M. But that limited partner can’t easily see where their money is invested. A major LP like a university endowment might have four different funds invested in Uber, but they can’t tell you exactly how much they would benefit from Uber’s IPO.

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