Holy smokes.
That’s been the collective reaction around these parts after reading a new post by business journalist Eric Newcomer, who smartly took the time to review filings for his newsletter, Newcomer, that reveal how much money some of biggest brands in venture capital are currently managing. The numbers are, frankly, staggering.
Note that these are all firms that are structured as registered investment advisors and thus required to disclose their assets under Securities & Exchange Commission rules.
The biggest surprise, per Newcomer, is that the four-year-old crypto investment firm Paradigm Capital disclosed that its assets under management have ballooned to $13.2 billion. Would you have guessed at that amount? We would not, though in fairness, we hadn’t spent a lot of timing thinking about it, either. (We do have lives to lead.)
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