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with tagLPAC
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Venture Legal
confidentiality LPAC

How does LP confidentiality work with being on the LPAC? I would assume all LPs would be told who the LPAC members are?

Asked by:
Community Member
1
0
Sep 25, 2023

Top answer:

“The identity of the LPAC members will be disclosed to all the investors of the fund. Disclosure happens as part of the process of providing notice to investors of changes or approvals that have been made.”

 -  Magdalena Mielczarek
1
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
0