The Gstaad Guy Podcast · 20VC Founder: Harry Stebbings - Media, Venture Capital, & What It Actually Costs to Win
Play from 7:39
7:39
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What was described
charge a 2 % management fee on assets under management
2 %
Said nearby on the same subject
“We recruited the team that managed a mass, a much larger business. A bit like bringing in an asset manager who was managing $100 billion to go manage a billion dollar portfolio.”
“He explained that becoming a minority or passive owner in an asset management firm, a GP, has three distinct benefits… management fee typically around 2% per year… firm typically gets 20% of the profits.”
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Said on Tony Robbins Podcast Daily
Why it worked2% management fee; 20% profit share (carried interest)Share this moment
“Within two years, we were bringing in as many assets under management a month as either of those firms had ever done in a year… we really just went out and told a more clear, concise, powerful story”