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with tagAdvisory board
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Fund Operations
Advisory board Venture partners

Do Advisory Board Members for Start-up Support Funds Fall Under Venture Partner Agreements or Other Roles?

Asked by:
Community Member
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May 03, 2023

When forming an advisory board of specific industry professionals for your fund that helps support start-ups we invest in do these advisors fall under venture partner agreements or another role?

Top answer:

Yes, they will be Venture Partners. Click this link to learn more about Venture Partner Agreements: https://govclab.com/2022/03/10/venture-share/

 -  Mike Suprovici
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0
Fund Operations
Advisory board LPAC

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

Asked by:
Community Member
1
0
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?

Top answer:

You will likely setup an LPAC to help you manage conflicts. It’s not uncommon for at least one LP to be on it.

 -  Mike Suprovici
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