1) Tim Milanich from the CWRU Endowment called venture capital an access class, not asset class during his visit. What does he mean by this?

2) How does this impact his strategy to increase the endowment's exposure to venture capital?

3) What does Tim think is the ideal venture capital fund size to invest in to maximize returns?

4) Chris Douvos discussed during the session that First Round Capital offered him part of their pro rata rights to invest in Uber?

5) What are pro rata rights?

6) Who/what does a pro rata right protect?

7) What are the drawbacks to investors having pro rata rights?