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Fund II Suing Fund I for Access To Shares During Investment Period

Hello, is the following true? "If there is a future Google in 2024, and Fund II LPs got pre-seed shares but Fund I LPs did not because you deployed too "fast" in years 1 and 2, you could open yourself up to an outright lawsuit in which Fund I LPs sue for access to Fund II's pre-seed shares in Google."

If so, how do you navigate this with a small Fund I where deals with 10x+ profiles are already secured and have delivered?
1 answer
Accepted Answer
Jun 08, 2023

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