I too was asked to comment (about 1 year ago) on the Institutional Limited Partners Association guidelines, a document in which Limited Partners attempt to standardize on their interactions with GPs.
I categorized the plan as “dining room etiquette”, who actually pays attention to it anymore, even though arguably many should.
The real issue between LPs and GPs is that the relationship allows for 10 levels of bottom heavy diversification to which no etiquette can produce sustainable returns. What the ILPA members need is a plan that stops laissez-faire investing from turning the underlying assets systemically subprime.
- The risk profile – not money – determines what innovation can be discovered. — Georges van Hoegaerden - September 16, 2014
- An outlier knows no precedent. — Georges van Hoegaerden - September 9, 2014
- Losing VC money is not our biggest problem - August 11, 2014
- The Long of Facebook - August 7, 2014
- ‘Innovation’ without renewable socioeconomic value is (government) sponsored bank-robbery of society. — Georges van Hoegaerden - August 7, 2014
- Freedom stripped of its paradox is no freedom at all. — Georges van Hoegaerden - July 25, 2014
- 15,000 views on The State of Venture Capital - July 23, 2014
- Triple Threat Founders - July 20, 2014
- If we want to inspire the world with our spiritual leadership, we must stop selling lies to unsuspecting greater-fools. And lead the world by example, with new rigors of excellence we first and successfully apply to ourselves. — Georges van Hoegaerden - July 19, 2014
- Has Venture Capital Changed? - July 15, 2014