How does the typical Venture Capital firm/fund structure make it easy to scale?

The typical Venture Capital firm/fund structure, which often includes a Management Company (ManCo), a General Partner (GP), and a Limited Partnership (the Fund), allows for scalability. The ManCo owns the brand and intellectual property, and is where staff and vendors sit. The GP, majority owned by the ManCo, receives the carried interest and is where partners managing only one Fund sit. The Fund is where the limited partners invest into, and where deployments into portfolio companies come out of. This structure allows for the addition of new funds under the same firm, facilitating growth and scalability.