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Interestingly, many of our investors (LPs), and many LPs of our fellow venture firms, are nonprofit institutions such as universities and foundations that were originally started by people with names like Carnegie, Rockefeller, Ford, Stanford (a "robber baron" of his age), Yale (a governor of the British East India Company of all things), Hewlett, Packard, and the like. Money earned through capitalism that got plowed into nonprofits that invest in modern venture capital -- it's a wonderful cycle.



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