The line behind the microphone snaked down the aisle, as two dozen people stepped up to advocate for their slice of the early childhood education pie. Several members of the local education workers union argued for collective bargaining rights for child care workers. A representative from the research policy center Zero to Three spoke up “on behalf of the near …

For years, I have resisted paying carried interest to accelerators as a way to invest in start-up companies because I have thought about the decision incorrectly. Recently, a couple of smarter investors than me set me straight by getting me to focus on what really matters — the math. Over the years I have resisted paying carry for two reasons, …