General Partner (GP)
Definition
A general partner is a manager of a venture fund: GPs raise the fund from limited partners, choose investments, sit on boards, and earn management fees plus carried interest.
How it comes up in fundraising
When founders “pitch a VC,” the decision-makers are the GPs; associates and principals filter deal flow toward them.
Frequently asked questions
What is the difference between a GP and an LP?
GPs manage the fund and make investment decisions; LPs supply the capital and remain passive.
Should I pitch partners or associates?
Aim for the partner who covers your sector; associates can champion deals but cannot say yes alone.
Put this term to work
Definitions win negotiations only when you are in one. Find the investors who fund your stage and start the conversation.
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