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Fund Operations

Can Establishing a VC Advisory Board Benefit LPs? How to Incentivize and Prevent Conflicts?

Asked by:
Community Member
Edited by:
Long Pham
on July 30, 2023
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May 03, 2023
Is it useful to set up an advisory board with other VCs from an LP point of view? How can I incentivize such VCs at other firms to be on my board? How can I avoid conflicts of interest?
1 answer
Mike Suprovici
Accepted Answer
May 03, 2023
You will likely setup an LPAC to help you manage conflicts. It’s not uncommon for at least one LP to be on it.

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