4 ms·

What does it mean to be a 'partner'? Do they then get some percentage share of the company?

• pg 16y ago
  Yes: http://en.wikipedia.org/wiki/Limited_liability_company http://en.wikipedia.org/wiki/Limited_liability_company
  • rokhayakebe 16y ago
    Is YC an LLC?
  • nivertech 16y ago
    Is YC structured as an LLC? I thought funds are generally LPs.
    • gaborcselle 16y ago
      Yes, YC is an LLC.
    • adammichaelc 16y ago
      Usually in a VC firm each "raise" from limited partners is structured as a separate LLC. One VC might have a dozen different LLC's, each one associated with a different fundraising period.