I got this email below from Outcast PR in response to the piece I wrote yesterday. Looks like Yahoo’s PR agency has been chartered to find all the articles on Semel’s pay, and “address” them. :: Hi Sramana, I was hoping you could make a correction to your piece in Seeking Alpha on Terry Semel’s
Interesting post about VCs with 10+ years experience never having received a carry check. Definition of carry: The carried interest is the percentage of profits that a fund earns as a performance incentive – it’s a concept that applies to venture firms, buyout funds, real estate and hedge funds alike, among others. The typical carried