Hunter Walker

SEPTEMBER 11, 2024

Called “LPs” or Limited Partners. In exchange for managing LP money, a VC firm will get up to 20% of the amount raised as a management fee (even if every startup they fund fails) and on top of that, will earn 20% of any profits. A VC firm’s fiduciary responsibility is to their LP. All money is green.

Venture Capital 88

Venture Capital LP Limited Partner Green 88

Pascal's View

MARCH 17, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: What happens if an LP wants to exit a VC fund? This is the eighth in our series of ten frequently asked questions from investors in venture capital partnerships. What are their rights?

Limited Partner 28

Limited Partner Government LP Partner 28

Pascal's View

MARCH 8, 2010

It’s that time of the year again– time to send out audited financial statements and K-1’s to your limited partners– which means it’s also a great time to address some of the common questions that investors raise about VC partnership governance and disclosure issues. entitled to receive from a VC fund?

Limited Partner 28

Limited Partner Government Delaware LP 28

The Equity Kicker

JULY 8, 2019

Most investors thought of their job as picking good companies and making sure governance was strong. From around 2000, and perhaps coinciding with the need to work harder to win deals as opportunities dried up after the internet bubble burst, individual partners at VC firms began adding ‘helping CEOs win’ to their job descriptions. .

Portfolio 84

Portfolio LP Venture Capital Partner 84

Pascal's View

MARCH 19, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: I’ve read that some GPs are suing LPs for not making capital calls. The LPs claim that they are cash constrained and/or the VC fund has not performed. Do you see a trend here of broken contracts?

Limited Partner 28

Limited Partner Government LP Venture Capital 28

Pascal's View

MARCH 15, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: You had some thoughts about contract terms. Do you think the trend is shifting in favor of institutional LPs to receive better terms?

Clawback 28

Clawback Limited Partner Government LP 28

The Equity Kicker

OCTOBER 13, 2016

The EIF hasn’t invested in our fund to date, but they might in the future, so there’s an element of self interest at play here, but this is bigger than Forward Partners and I would still be writing this post if that wasn’t the case.

Norway 60

Norway LP Venture Capital Israel 60

The Startup Lawyer

JANUARY 6, 2011

Founder and Partner at AOL Ventures , a few weeks ago. Assuming a Corporate VC is operating a traditional fund vehicle and not just investing off of the balance sheet (probably the first real difference), I would say the most recognizable difference is in the single vs. multiple LP structure.

Early Stage 58

Early Stage LP Later Stage Balance Sheet 58

Rob Go

JULY 25, 2011

My partner Dave blogged more about that topic here. Establish a board, or a board-like governance structure. Sometimes, our co-investors have sent 2 partners to these meetings, so it’s nice to know that it’s being taken seriously. This seems intimidating, but has many benefits. Pre-wire and focus.

Due Diligence 38

Due Diligence LP Seed Stage Portfolio 38

This is going to be BIG.

OCTOBER 12, 2020

I took my last LP meeting the first week of March and clearly, I didn’t close anyone that I had met with at that time. They’re too busy awkwardly trying to explain their overdue search for a new “diverse” partner and why it took until 2020 to realize that a fund full of white people was a problem. He seemed paranoid.

LP 142

LP Technical Review Software Review Valuation 142

Feld Thoughts

JULY 28, 2014

On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC.

SBIC 145

SBIC Venture Capital Colorado SBA 145

Agile VC

NOVEMBER 13, 2012

Some of the firm’s partners may move on to new jobs during this phase but at least some are usually still around. This was also the period when VC started expanding seriously in emerging markets like India and China, and many LPs put new capital into these OUS funds. So at a fund level (e.g.

LP 154

LP Portfolio Venture Capital IRR 154

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. LIMITED PARTNERS (LPS). They are the real capital that make the system work.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Startup Lessons Learned

MAY 4, 2021

What is the role of public and private organizations in governing our shared civic fabric? So I've been able to move to another location with my partner and another city, I should say. And they've almost become like quasi-government institutions in a way, and they're so focused on risk mitigation that it's not about innovation.

IPO 113

IPO Cofounder Technical Review Government 113

Austin Startup

JUNE 26, 2019

We tried, and opted out of, potentials for pivots; we pitched for game-changing partners and acquisitions that did not ultimately convert. We pitched everyone from Angels to partners at Andreessen Horowitz on Sand Hill Road. We got real close a couple of times to great investment partners. Thank you Ifundwomen supporters !)

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

Both Sides of the Table

APRIL 21, 2020

Of our early-stage deals we do 33% Seed, 66% A’s) Why recycling is important, but why without exits you might even be forced to stop paying management fees for a while What Will Happen with LPs in this Economic Market? Harry asked me whether I thought LP “defaults” (not funding the VC commitments it made) would go up.

Marketing 263

Marketing Valuation Churn Rate Balance Sheet 263

David Teten

NOVEMBER 23, 2020

Blue Future Partners, a venture capital fund of funds, recently interviewed me on ESG in venture capital. – Forte has developed an innovative structure to finance vocational reskilling at no cost to individuals or governments. – Starship Technologies sells an autonomous robot-powered local delivery service. Why is that?

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60

Both Sides of the Table

NOVEMBER 6, 2016

Jacob will grow up knowing that anything is possible in America if we preserve our democracy and learn to govern together. When I went to add partners at Upfront I called an LP of mine and told him I was trying to recruit a new partner named Kara Nortman. I shot back quickly at my LP “ You’re kidding me, right?

Los Angeles 150

Los Angeles LP Nevada South Korea 150