Bradley Tusk says he earns more money with “property rights for services” more than he did as traditional VC

Bradley Tusk, co -founder and administrative partner at Tusk Venture Partners, Techcrunch in Today’s episode of fairness This VC as we know it is dead. It has been over the past four years.

“Perhaps there is some VC that I have never heard about it with liquidity during the past two years, but we have not returned to the capital to LPS in four years,” Tusk said.

VC has passed a few harsh years thanks to the high interest rates, startups of 2021, public subscription, integration and acquisition transactions.

Many investors kept their breath for President Donald Trump to renew VC youth with decomposition measures and pro -business reforms. However, the uncertainty after Trump’s executive orders registered, A tariff that feeds it Commercial wars, and Dismantling federal agencies It has reduced the expected increase in VC activity.

Or, as Tusk said, “I don’t know many serious economists who believe that the trade war is a good idea for anyone’s economy.”

So Tusk bends from the traditional VC model and decided not to collect a fourth box. Instead, it converts the focus into the “stock versus services” model, which allows TUSK to accept shares in exchange for helping startups to move in organizational environments, legislative communications and government purchases.

For tusk, the shares return for services to their roots. In 2010, when his political advisory company Tusk Strategies launched, the small transport technology company was called Uber had recruited his services. Uber had no money to pay, so they offered him property rights. Tosk has spent the next few years “to manage campaigns throughout the United States to legitimize Uber and exchange passes.”

The creation of organizational frameworks for sabotage techniques to save the emerging companies from death by politics was a bread and a tusk butter, an experience that it gained through previous roles as a campaign manager for the 2009 Michael Bloomberg Racing and Deputy Governor of Illinois.

All “real VC” things, such as the collection of LPS, “compliance and board seats and the building of the wallet”, have just started feeling attention to the type of work that he really loves to do.

It appears to be an abbreviation to do the work he loves, while he still earns money more than he can earn as a classic investor of the project.

“When I realized that I can easily obtain maximum tables and obtain royal rights from startups that I love for my experience, the traditional model did not have a great meaning,” Task said.

He said: “I actually earned more money when you were in stock for services because although there is less financial lever than in adventure, you keep 100 % of the returns.” He said: “While in the traditional project, I must return the investment capital to investors. I must pay the fees, then I must give them 80 cents on the dollar.”

Tusk Venture Partners will continue to support the current portfolios companies until the Fund’s life cycle ends in 2031.