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A VC firm has general partners (GPs) who own the firm and manage the money and funds. It may also (and usually does) have limited partners (LPs) who invest mone
by jxf 6y ago
A VC firm has general partners (GPs) who own the firm and manage the money and funds. It may also (and usually does) have limited partners (LPs) who invest money in one or more funds but don't play any management role.
- jacquesm 6y agoAnd, more importantly, who have no say in how their money will be invested.