Haha, oh that definition of curious. My bad. (side note: I am curious why the M-W dictionary puts the archaic and obsolete definitions first)
Gotcha on the carried interest. Ya we have come a long way from sailing molasses across the ocean to calculate a carry. While scenarios and clauses can change payment to managers, c.p. or not, if we cut to the chase I think it's safe to say yes the incentive carry structures in hedge funds generally favor HF managers getting paid much more compared to VCs. When the top HF managers annual pay news articles come out, these numbers can get crazy, top 10 HF managers can make more in one year than the entire net worth of a top venture capitalist with decades in the industry. But VC guys get to do way more interesting investing, meeting with new tech companies is much cooler than public equity research I think. Thanks for posting this article btw.
Gotcha on the carried interest. Ya we have come a long way from sailing molasses across the ocean to calculate a carry. While scenarios and clauses can change payment to managers, c.p. or not, if we cut to the chase I think it's safe to say yes the incentive carry structures in hedge funds generally favor HF managers getting paid much more compared to VCs. When the top HF managers annual pay news articles come out, these numbers can get crazy, top 10 HF managers can make more in one year than the entire net worth of a top venture capitalist with decades in the industry. But VC guys get to do way more interesting investing, meeting with new tech companies is much cooler than public equity research I think. Thanks for posting this article btw.