Money... show me! If you want to change Venture Capital, focus on LPs. #openlp
ceonyc.substack.com
There have been a lot of calls for VC firms to make more hires from the Black and Brown community, as well as to hire more women. Not all hires, however, are made equally. In venture, it’s all about getting an opportunity to make partner and being included in the carry—the economic upside of a fund. Not only is carry a means of economic mobility, but it’s also a reflection of where decision-making authority is within a fund.
Money... show me! If you want to change Venture Capital, focus on LPs. #openlp
Money... show me! If you want to change…
Money... show me! If you want to change Venture Capital, focus on LPs. #openlp
There have been a lot of calls for VC firms to make more hires from the Black and Brown community, as well as to hire more women. Not all hires, however, are made equally. In venture, it’s all about getting an opportunity to make partner and being included in the carry—the economic upside of a fund. Not only is carry a means of economic mobility, but it’s also a reflection of where decision-making authority is within a fund.