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A 2%/20% fee structure for a VC firm means? a. a 20% asset management fee and 2% carried interest b. a 2% annual asset management

A 2%/20% fee structure for a VC firm means? a. a 20% asset management fee and 2% carried interest b. a 2% annual asset management fee and 20% carried interest c. a 2% annual asset management fee and a hurdle rate of 20% d. a 2% annual asset management fee and an IRR of 20%

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