New wave of VC funds show it’s time to rethink how many LPs is ‘too many’
More LPs means more organizational issues, but many firms see the benefit of having more backers. Others don’t have a choice.
New wave of VC funds show it’s time to rethink how many LPs is ‘too many’ by Rebecca Szkutak originally published on TechCrunch …
Last month, Chicago-based Chalo Ventures surpassed 100 LPs. For founder and general partner Haris Khurshid, it was a notable milestone toward the firm’s goal of hitting 1,000 LPs, a number that would likely make most legacy investors wince.
But while there are a number of potential annoyances or issues that come with having a larger LP base — more people means more opinions, after all — it seems that newer funds are raising cash from more LPs than ever before. But not always by choice.
