How LPs Use Clawback Provisions in Venture Capital

In this episode of The Venture Capital Investor Podcast, Lucas and Luna unpack clawback provisions — the legal mechanism that forces general partners to return excess carried interest to limited partners when a fund's overall returns don't justify earlier distributions. Using the 2015 Andreessen Horowitz fund as a concrete example, they explain how clawbacks work in practice, why LPs should care about them in their side letters, and what happens when a GP lacks the personal liquidity to write the check. Perfect for LPs reviewing fund terms ahead of their next commitment. #ClawbackProvisions #CarriedInterest #LimitedPartners #VentureCapital #SideLetters #GPCommitments #LPProtections #FundTerms #PrivateEquity #VentureFund #AndreessenHorowitz #Distributions #RiskMitigation #FundEconomics #Finance #BusinessPodcast #FexingoBusiness #TheVentureCapitalInvestorPodcast Keep every episode free: buymeacoffee.com/fexingo