learn / pillar §013 guides
vc fundamentals.
What a venture fund is, where the money comes from, why returns are power-law, and how all of that shapes the way investors look at your company.
- 01what is venture capital? a founder's plain-english guide9 min
Venture capital is a pool of other people's money invested into companies that probably shouldn't exist yet. Here's what it really is, who's on the other side of the table, and what they want.
#basics#vc-industry#first-time-founder - 02how vc funds actually make money: 2 and 20, carry, and why it matters10 min
Management fees, carry, fund returns, the math behind 'returning the fund'. The economics of a VC fund explained at the level a founder needs.
#fund-economics#carry#vc-industry - 03lps and gps: who's really on the other side of the table8 min
Limited Partners, General Partners, principals, associates, scouts. A map of who does what inside a venture firm — and why it matters when you're pitching.
#fund-structure#lp#gp#vc-industry