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What major changes in the VC model should we expect to see by the end of this year, as VC is evolving at a very fast rate?

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We will not see major changes in the VC model. The traditional 2 and 20 model works really well for venture capital and LPs are slow to adapt to changes in structure. 
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Thank you, Mike, for your answer. I have also heard that a few firms have started adopting the 3 and 30 rule as well. 

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