More Fred Wilson on Venture Fund Economics: Gross and Net Returns
And post #2 is up (I guess post #1 went up yesterday and I missed it since I only read feeds in the morning.) Post #2 is titled Gross and Net Returns and – while it describes them – it has an excellent spreadsheet that go through the assumptions Fred and his partner Brad Burnham made on how they would invest their first Union Square Ventures fund. Fred uses this model as the basis for describing the math of Gross and Net Returns.
Excellent stuff Fred. Keep ’em coming.