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by kentgoldman 4362 days ago
Dealflow comes from doing great work with and being supportive to founders. Period. That's what I hope will drive introductions for Upside as well.

I'd also be wary of founder's who only wanted to work with us for an economic stake in the fund. I want them to want to work with us because the partnership as a whole, is the most supportive in all of venture.

1 comments

That's a fair response, but if I was looking to raise capital, this structure would result in me avoiding your firm regardless of your track record and reputation. The conflicts of interest that this structure creates, perceived and real, would be deal-breakers.

Even if you made participation in this structure optional, having to address it as part of a capital raise would add unnecessary complication to what already tends to be a time-consuming and distracting process for entrepreneurs.

Without know actual number seems like its hard to rule it out right.