What is General Partner?
General Partner
A General Partner (GP) is the managing partner of a venture capital firm who makes investment decisions, manages the fund, and takes on legal liability.
Why It Matters for Startups
Directly dictates the cap table and dilution structure during fundraising; understanding General Partner helps founders model equity distributions when structuring rounds for vc fund management and decision making.
Detailed Deep Dive
A General Partner (GP) is the managing partner of a venture capital firm who makes investment decisions, manages the fund operations, and takes on legal liability. GPs are compensated via management fees and performance fees (carried interest).
Frequently Asked Questions
Q:What does a GP do?
GPs source deals, represent the fund on startup boards, direct investment decisions, and report to Limited Partners.
Q:What is carried interest for a GP?
GPs typically receive a performance fee of 20% of the fund's profits (carried interest) after LPs get their capital back.
Quick Facts
- CategoryFunding
- Key ApplicationVC fund management and decision making
Coverage Trend12 Weeks
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