Discover how to launch your VC fund with Cohort 19
RSVP July 31st
Learn How to Launch a Start Fund
RSVP for July 30th
Previous Post
Next Post
0

Asked by

Community Member

on

in

Fund Operations

Can Establishing a VC Advisory Board Benefit LPs? How to Incentivize and Prevent Conflicts?

Is it useful to set up an advisory board with other VCs from an LP point of view? How can I incentivize such VCs at other firms to be on my board? How can I avoid conflicts of interest?
1 See in Base
0

Answered by

Community Member

on

You will likely setup an LPAC to help you manage conflicts. It’s not uncommon for at least one LP to be on it.

Join VC Lab

VC Lab, the leading venture capital accelerator, empowers new and emerging managers worldwide to close ethical, high-performing funds in under six months. The program provides cutting-edge tools, expert mentorship, and a global network to raise more money in less time. Apply if you want to build a meaningful venture capital firm.
Apply Now
How do I start raising my first venture fund? What are the key considerations for becoming a Limited Partner?
How can I improve my emerging manager firm's deal flow? What strategies help attract institutional LPs?
How do I build a compelling investment thesis? What are best practices for portfolio management?
How can I differentiate my VC firm in a crowded market? What are the typical fund terms for emerging managers?