.... blame on the fundamental structure of VC today, arguing that incentives are not properly aligned between fund managers and limited partners (i.e., investors in venture funds)
- Max Niederhofer [The Ackerman Bargaining Framework](http://blog.maxniederhofer.com/the-ackerman-bargaining-framework)
- [The VC model is not broken. It's just working too well. (Part I)](https://www.forbes.com/sites/victorhwang/2012/06/27/the-vc-model-is-not-broken-its-just-working-too-well-part-i/#437cf47b79ba)
> .... blame on the fundamental structure of VC today, arguing that incentives are not properly aligned between fund managers and limited partners (i.e., investors in venture funds)
[Win-Win: The Game Theory Behind Venture Capital](https://blogs.cornell.edu/info2040/2017/09/13/win-win-the-game-theory-behind-venture-capital/)