That's a pretty steep management fee. | Hacker News

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		kapitti on May 21, 2010 \| parent \| context \| favorite \| on: YC has just closed a new $8.25 million fund That's a pretty steep management fee.

pg on May 21, 2010 [–]

As a percentage, but not as an absolute number. YC is actually run very cheaply, but the amounts we invest are so small that any expenses seem high in comparison.

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