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Just so that I follow... You're not investing alongside him as a VC or angel, you're investing through him, where he acts as the VC and collects the 20% carry,
by mathattack 13y ago
Just so that I follow... You're not investing alongside him as a VC or angel, you're investing through him, where he acts as the VC and collects the 20% carry, correct?
- GrinningFool 13y agoCorrect - and the 20% carry is on any profit, not on the investment itself.
- mathattack 13y agoYes - typical VC structure.
- far33d 13y agoMinus the up-front commitment and the management fee.