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thanks for the explanation - you said 20% goes to the partners, you mean founders, right? and then what happens to rest of the 80%, does it go to LPs? and how d

thanks for the explanation - you said 20% goes to the partners, you mean founders, right? and then what happens to rest of the 80%, does it go to LPs? and how do partners(founders) earn money on the work they do through out the year, I mean whether they get regular salary, because it may happen that no deal goes through 100% through the first couple of years? is it salary comes from 2% management fee?

jasonlbaptiste 19y ago
hey ideas101, so: a) 20% goes to the partners aka founders of the fund in most cases. b) The other 80% goes back to the LPs c) Salary is taken from the 2% management fee. It also covers the very nice expenses, dinners, travel,etc.