FYI: The carry distribution schedule mentioned in the article (carry after 3x) is way off market for a VC GP-LP relationship. The most typical arrangement is 2

FYI: The carry distribution schedule mentioned in the article (carry after 3x) is way off market for a VC GP-LP relationship. The most typical arrangement is 20% after 1x in LP distributions, with some variation in what are called hurdle rates (that is, different percent carried interest at different multiples or IRRs).