EUVC
EUVC | E370 | Carmen Alfonso Rico & Evan Finkel on managing the personal relationship vs. business relationship
Nov 1, 2024
Carmen Alfonso Rico, an angel investor at Cocoa Ventures, and Evan Finkel, Head of VC Investments at Integra Global Advisors, dive deep into managing personal and business relationships in venture capital. They explore the intricate dynamics of GP-LP interactions, emphasizing trust and transparency. The duo shares insights on identifying strong GPs, the implications of management fees, and the need for aligning incentives in investment funds. They compare these relationships to dating, underlining the complexities in securing commitments while maintaining professional integrity.
01:31:47
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Quick takeaways
- Separating personal feelings from business decisions is crucial for Limited Partners to uphold their fiduciary responsibilities in venture capital.
- Transparent communication between General Partners and Limited Partners fosters trust and strengthens collaboration within the venture ecosystem.
Deep dives
Managing Relationships Between GPs and LPs
The discussion highlights the importance of navigating both the personal and business relationships between General Partners (GPs) and Limited Partners (LPs). It's crucial for LPs to separate their personal feelings from business decisions, ensuring they adhere to fiduciary responsibilities. The intricate dynamics can sometimes blur lines; a GP may feel that a personal rejection could harm their friendship with an LP, even when professional obligations dictate otherwise. Both sides must strive for clear communication, emphasizing that the integrity of business decisions should remain paramount, regardless of personal connections.
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