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Community Member
Decile Base AI
Jun 17, 2024
A Venture Capital firm is the overarching entity that manages one or more Venture Capital funds. The firm is typically structured as a limited partnership, with a general partner (GP) and limited partners (LPs). The GP is responsible for making investment decisions, managing portfolio companies, and overseeing the fund’s operations. On the other hand, a Venture Capital fund is a specific pool of capital that the firm invests. It is a blind pool, meaning the LPs do not know what deals are going to be invested in, and it contains a diversified set of portfolio companies.