[foysavas]

FYI: The carry distribution schedule mentioned in the article (carry after 3x) is way off market for a VC GP-LP relationship.

The most typical arrangement is 20% after 1x in LP distributions, with some variation in what are called hurdle rates (that is, different percent carried interest at different multiples or IRRs).

[andrewchoi]

Thanks for the info, I knew something was a bit off!