This Week in Startups Side investing (VC School) + Stripe's Nan Ransohoff: Frontier carbon removal | 1454
May 8, 2022
Nan Ransohoff, Head of Climate at Stripe, leads the Frontier carbon removal marketplace, aiming to tackle climate change through innovation. She discusses Stripe's ambitious $900M plan to fund effective carbon sequestration initiatives and the urgent need for scaling these technologies. The conversation also dives into the complexities of side investing in venture capital, examining its implications and the significance of transparency among partners. Ransohoff emphasizes the importance of collaborative efforts to create a sustainable marketplace for carbon removal solutions.
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Potential Conflicts from Side Investments
- Side investments can create conflicts of interest within the partnership and with LPs.
- One partner's success in a side investment can cause resentment if the fund missed out.
Side Investment Hygiene
- Avoid side investments outside your venture fund to prevent conflicts of interest with LPs.
- Clearly communicate any exceptions to this rule with your LPs and LPAC.
GPs Should Invest in Their Fund
- General partners should invest in their own fund to demonstrate skin in the game.
- This builds trust with LPs and aligns incentives.