What should I do if an LP encourages an investment which doesn't align with the investment thesis of the fund?
1 answer
I agree with Mike that LPs are "limited" on purpose. Thankfully though, you ultimately share the same end goal - to have a high-performing fund. Most likely, simply acknowledging their opinion should do the trick. If not and they persist, I would communicate clearly what areas are off-thesis and provide clear feedback to the startup team so they can choose to adjust or seek additional funding.
Nov 28, 2023 2:29am
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