Launch an institutional-grade VC fund in a day with no up front costs. 
Meet Start Fund
Previous Post
Next Post
1

Asked by

Community Member

on

in

Fund Operations

What if a Fund Manager Wants More Temporary Advisors or Venture Partners Beyond Advisory Networks?

I see some early stage funds have an advisory network like MBX Capital. They have advisor agreements from what I remembered but what if a fund manager wants more than a couple of advisors (some of them temporary) or venture partners?
1 See in Base
0

Answered by

Community Member

on

Better not to have too many advisors or venture partners as that will make cap table and legal agreements very complicated. Venture partners should get carry on a fund basis and not on a deal by deal basis. Reference venture share agreement for a variety of suggestions on carry for venture partners.

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?