How to Manage a $5m Investment Offer from an LP Prospect Seeking to Become a GP in My $10m Venture Studio Fund?
How do I handle a $5m investment offer from an LP prospect who wants to become an institutional GP in my $10m venture studio fund?
Send them a PACT and don’t over-think this. It’s a LONG way between here and them wiring money.
So say: Great, here is a non-binding commitment as a next step.