Establishing, Navigating and Maintaining LP Relationships
What LP Engagement Means for Emerging Managers
In the words of Union Square Ventures’ Fred Wilson, if founders are a venture capital (VC) investor’s customers, then limited partners (LPs) are the shareholders. Strong LP engagement can provide the bedrock for successful and enduring venture firms.
But what does LP engagement really mean for an emerging manager?
We answer that question by covering LP engagement over the full firm lifecycle in the following four parts:
- Component 1 details the different types of LPs, including their typical check sizes and time to close
- Component 2 offers tips on determining the right mix of LPs for your firm
- Component 3 explores how to interact with prospective LPs throughout an active fundraise for your first fund
- Component 4 breaks down LPs’ expectations once you’ve secured funding and as you deploy capital