Venture Capital
Side Letters Are Where Weak Fund Economics Go to Die.
Side Letters Are Where Weak Fund Economics Go to Die. Most managers think fund risk shows up when a portfolio company misses a quarter or a capital call gets messy. A lot of the real damage starts
Jeff Barnes, MBA··7 min read
Capital Raising
Cornerstone Investors: What the First LP in Your Fund Actually Costs You
TL;DR: A cornerstone investor is the first LP who commits real size, usually 15-30% of your target, before you have a track record for that specific fund, and their check is what unlocks every check...
Jeff Barnes, MBA··12 min read