Limited Partner (LP)
定义
Limited partners are the investors in a venture fund: endowments, pensions, funds of funds, family offices, and wealthy individuals who supply capital but stay passive.
它在融资中如何出现
LPs are the VC’s customers; fund behavior (pacing, reserve discipline, exit pressure) traces back to LP commitments and expectations.
常见问题
Why should founders care about LPs?
A fund’s LP base shapes its patience and capacity: strong LP relationships mean future funds and follow-on money for you.
Can LPs invest directly in my startup?
Some do through co-investment programs, usually alongside the fund at larger stages.