Institutional LPs expect wealthy venture managers to make higher GP commitments
Lisa Edgar · 20VC: Inside The Mind of A Leading LP: How LPs Evaluate New Fund Managers on Everything from First Meeting to Portfolio Construction To Fees and Carry with Lisa Edgar, Managing Director @ Top Tier Capital Partners · Nov 4, 2019 · at 22:58
Lisa Edgar is Managing Director at Top Tier Capital Partners. She explains how institutional LPs evaluate skin in the game for wealthy, repeat venture managers.
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“When somebody has made a ton of money, and they're not Putting it back into their fund, you got to scratch their head about that. So in those cases, you do expect a much higher GP commit.”
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