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.
Cite this term
Round Funded. "General Partner (GP)." Startup Fundraising Glossary.
Stable URL, it will not change: https://www.roundfunded.com/en/glossary/general-partner
Put this term to work
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