
How to Raise a Venture Fund | Leila Zegna (Kindred Capital)
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The Importance of Being Aligned
I think it felt almost shameful and so part of it was really born out of saying, well, I want to be aligned. We decided to do that by treating our four person equal partnership as if we had a fifth equal partner and taking 20% of our profit of our carry that would go to a fifth equal partners. And so if we invest in Francesca's company and your company then as UIPO which you no doubt would do, Francesca would get a check in the mail because she sells her business to Google. So there's so much camaraderie, there was so much peer support inclination and I wanted to share all of the upside that was created basically with everyone
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