Venture partners get deal-specific carry while GPs share the entire fund
Albert Wenger · Albert Wenger on Work After Capital · Jun 17, 2020 · at 13:01
Union Square Ventures partner Albert Wenger explains the typical compensation difference between venture partners and general partners.
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“But as a first approximation, if you're a venture partner in a firm, you tend to tend to have economics primarily in the deals that, or exclusively in the deals that you lead. Whereas when you're a general partner, you have economics in the entire portfolio. I think that's a good first approximation.”
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