A General Partner is a senior leadership position in venture capital firms and investment companies. They make key decisions about where to invest the firm's money, build relationships with startup founders, and help manage the companies they invest in. Think of them as the main decision-makers who both find promising companies to invest in and help those companies grow. They usually have significant experience in either building companies themselves, managing investments, or both. This role is different from other partners (like Limited Partners who only provide money) because General Partners are actively involved in running the firm and making investment decisions.
Served as General Partner at XYZ Ventures, managing $100M investment fund
Led investment decisions as GP for early-stage technology startups
Promoted to General Partner, overseeing portfolio of 20+ companies
Typical job title: "General Partners"
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Q: How do you evaluate potential investments and what is your investment thesis?
Expected Answer: Should demonstrate clear investment strategy, understanding of market analysis, risk assessment, and ability to explain their specific focus areas and how they identify promising opportunities.
Q: How have you helped portfolio companies beyond just providing capital?
Expected Answer: Should provide specific examples of strategic guidance, networking assistance, recruitment help, and other value-add activities that benefited portfolio companies.
Q: What's your process for conducting due diligence on potential investments?
Expected Answer: Should explain their approach to investigating companies, including financial analysis, market research, team assessment, and competitive analysis.
Q: How do you structure deal terms and negotiate with founders?
Expected Answer: Should demonstrate understanding of term sheets, valuation methods, and ability to create win-win scenarios with entrepreneurs.
Q: What resources do you use to source potential deals?
Expected Answer: Should mention networking events, entrepreneur pitches, accelerators, and other common deal sourcing methods.
Q: How do you stay current with industry trends and developments?
Expected Answer: Should discuss reading industry publications, attending conferences, networking with other VCs, and following market developments.