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VCs often use the shorthand phrase “two and twenty” to refer to the 2% of annual management fees a venture fund might take and the 20% carried interest (or “performance fee”) it would charge.
Climatologists now say that the best case scenario — assuming immediate and dramatic emissions curbs — is that planetary surface temperatures will increase by at least 2 degrees Celsius in the coming decades. This may sound like a small uptick, but the implications are profound. Rising temperatures will destroy plant and animal habitats ...