Selling management company equity to anchor LPs creates long-term GP resentment
Apurva Mehta · 20VC: Why Entrepreneurs Care Less About Firm Brand at Seed, How LPs Should Think About GP Commit & How The World of LPs and Fundraising Will Change Post COVID with Apurva Mehta, Managing Partner @ Summit Peak Investments · Aug 17, 2020 · at 20:55
Apurva Mehta, Managing Partner at Summit Peak Investments, advises emerging venture fund managers against selling management company equity to anchor LPs.
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“Giving up a piece of your management company, it makes that LP very expensive. And ultimately, I think, as a GP, you come to resent that.”
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