Tag

GP

The Economics of VCs Recycling Management Fees

Several years ago, I wrote a post titled Why VCs Should Recycle Their Management Fees. From the start of Foundry Group in 2007, we have felt strongly about this. We feel that if an LP gives us a $1 to invest, we should invest at least that $1, not $0.85 (the average fee load over…

GP/LP Fit

The idea of product/market fit has been around for a long time. And, while founder/market fit is a newer concept, it turns out to be just as important. Recently, Beezer Clarkson at Saphirre Ventures wrote a post titled Raising A Fund? 9 Questions That Help Get You To GP/LP Fit. If you are a GP raising…

Dear GP: Why Are You Blowing Me Off?

On my run today I was thinking about GP – LP interactions. This line of thought was prompted by a contrast between two interactions, or rather one interaction and one non-interaction, that I’ve had in the past few days. The interaction was I had with one of my LPs over the last 24 hours. They…