‘Network Effects’ is the defining phenomenon representing the modern digital economy. With the growth and dominance of the FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks over the last 2 decades, Network Effects have been identified as the overwhelming creator of value in the economy. They have propelled companies to grow exponentially, leapfrog competition, create defensible moats and dominate entire economic segments

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Capital-raising is a major hurdle for hedge funds and other alternative asset managers. Without AuM, fledgling managers with considerable talent are weighted down by the significant working capital requirements of managing an investment advisory business in an ever-more competitive and highly regulated industry. Yet, amid an increasingly challenging environment, top managers have been able to marshal high expectations of future performance – both in asset management prowess and fundraising ability – to address this problem and secure their best chance at future success by entering into a seed deal

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