Where is venture headed in Q4? Vote your top 3 trends. Then join the live breakdown and agentic AI demo on Thursday, October 22.
Vote Now
1

Can an LP also be a Venture Partner and if so what would the recommended carry be if they have dual roles of executive and fundraising?

2 See in Base
0
Yes, an LP can also be a Venture Partner. However, this could introduce conflicts of interest and may affect their limited partner status if they are involved in decision-making for the fund. The recommended carry for dual roles is not specified, but it is important to ensure that any compensation does not create broker-dealer issues. For detailed guidance, refer to VC Lab's Venture Share agreement.
1
Yes. However there are several issues with having Limited partners be Venture Partners. First, Limited Partners will loose various protections because the Venture Partners make decisions for the fund. Second, this creates a challenge for the GP in situations where the VP doesn't deliver on expectations because it's difficult to fire a Venture Partner because they are also a Limited Partner.

Review the Venture Share agreement for details on VP compensation: https://govclab.com/venture-share/

Join VC Lab

Raising your first fund? VC Lab has helped launch 950+ venture firms, with no fees and no equity taken. The average Start Fund reaches first close in 58 days.
Apply Now