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General VC Questions

Same LP / Venture Partner compensation

Asked by:
Community Member
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Sep 28, 2023
Is it allowed for an LP to be a Venture Partner at the same time (i.e. a mentor) and be compensated ?
Venture Partner
1 answer
0
Haw Kuo
Accepted Answer
Sep 28, 2023
It is generally not recommended for an LP to also be a Venture Partner - it could introduce conflicts of interest but the LP may also lose their "limited" status and corresponding protection from liability in the case an LP is involved in decision-making for the Fund. 
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