RT @SiobhanKHughes: #svgf Sean O'Sullivan @sosventures speaks strongly AGAINST VCs who take consultancy fees in addition to equity @itlgorg
— Paul Steinberg (@psteinberg) February 1, 2014
Of course, they’re really speaking about private VCs. It’s a little bit more complex with some of the weird public-private VC structures that are designed to seed things but not actually deliver anything on the equity.