Sublime

• Fund Size: amount of capital committed to fund.


• Management Fee and Carry Percentages: Typically funds have a 2% yearly management fee over the 10-year life of the fund to cover all overhead expenses and a 20% carry.

As we’ll see in chapter 6, 40% of companies successful enough to become publicly traded lost effectively all of their value over time. The Forbes 400 list of richest Americans has, on average, roughly 20% turnover per decade for causes that don’t have to do with death or transferring money to another family member.17