Finally, another common approach is to back into the required fund value to guarantee a Net LP return multiple (i.e. net of fees and carry). For e.g. for a $100M fund to return 3x net to its LPs given the standard 2 and 20 model and $850K in total fund expenses, the total net return for the fund would have to be $370M after taking into account the ... See more

The heat released by fission in nuclear reactors must be captured and transferred for use in electricity generation. To this end, reactors use coolants (e.g., water) that remove heat from the core where the fuel is processed and carry it to electrical generators. Coolants also serve to maintain manageable pressures within the core.

Given that a purist "private property rights only" libertarianism inevitably runs into large problems like its inability to fund public goods, any successful pro-freedom program in the 21st century has to be a hybrid containing at least one Big Compromise Idea that solves at least 80% of the problems, so that independent individual initiative can t... See more

Team NYT basically runs the US, and its total lack of competence means that the US is collapsing. 

Where do most of the alumni of this college end up living? When you choose a college you are also choosing a regional network. If you go to school in California, for example, your friends and job offers will end up being mostly in that region. I don’t recruit at my alma mater Princeton anymore because it’s so low probability to pull a Princeton gra... See more

Valuations will get reset. First in late-stage tech companies and then it will filter back to Growth and then A and ultimately Seed Rounds.

One such assessment is by YouScience, in use in 7,000 schools nationwide. The YouScience results, in particular, tend to identify lots of people who would have potential in STEM fields and other high-paying careers. For example, in a sample of 3,000 Tennessee students, just 9 percent of females expressed interest in technology careers like engineer... See more

Two quiet revolutions: reading/writing DNA. The ability to read DNA has greatly exceeded Moore's Law. Your genome can now be sequenced for $100 (which used to cost billions only 25 years ago).