How LPs Stack-Rank GP Teams

When a venture firm raises a new fund, limited partners don't just look at the track record — they stack-rank the general partners themselves. In this episode, Lucas and Luna dig into the messy art of evaluating GP teams: who gets the credit for past wins, how to spot the one partner actually carrying the fund, and why the best team on paper can still be the wrong bet. We walk through the 'key person' conundrum, the problem of star-partner risk, and how sophisticated LPs use reference calls, compensation data, and succession planning to separate a genuine team from a solo act with a roster. If you're an LP sizing up a first-time fund or a founder wondering what investors see when they look at your cap table, this one's for you. #LimitedPartners #VentureCapital #GPEvaluation #TeamDynamics #KeyPersonRisk #FundDueDiligence #LPStrategy #VCInvesting #SuccessionPlanning #ReferenceCalls #CarryAllocation #TalentRetention #Fundraising #StartupEcosystem #Business #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo