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Do you mean to the employees of VCs? LPs do have capital, that's why they're LPs. For the employees, the sentiment that you should bet on the sales pitch "I wo
by pwillia7 2y ago
Do you mean to the employees of VCs? LPs do have capital, that's why they're LPs.
For the employees, the sentiment that you should bet on the sales pitch "I won't get you fired" over "I will make you wealthy beyond measure" still holds.
- n2d4 2y agoThe LPs pay 2% management fee so the employees make some money regardless of the outcome, just like startup founders want to make some money even if the startup fails.