The best thing for your VC career - by Yoni Rechtman
99d.substack.com · 477 words · saved by 1 readers
Collaborate and the rest will follow
People like to feel very clever when they say things like “show me the incentives, and I’ll show you the outcome” or just simply that “incentives matter.” But in a venture career, recognizing the incentives is the hard part. The obvious incentives, and especially carry, are the most emphasized levers for how venture firms run their businesses and manage their teams (of non-GP investors). If the firm makes money, we all make money. Incentives aligned. Job done. Wrong. Carry isn’t enough to align incentives with your GPs when you know you’re not going to vest all of it and your real payday…
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