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Where Does VC Money Actually Come From? [Flowchart]

View from Seed

Some institutional investors simply aren’t big enough to have in-house employees to vet and manage a portfolio of VC funds. The definition of “big enough” varies widely but, generally speaking, entities that manage less than $1 billion in assets will often go the indirect route. The first is a staff constraint.

LP 335
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Where Do Venture Capital Dollars Actually Come From? This Visual Explains

Agile VC

Some institutional investors simply aren’t big enough to have in-house employees to vet and manage a portfolio of VC funds. The definition of “big enough” varies widely but, generally speaking, entities that manage less than $1 billion in assets will often go the indirect route. The first is a staff constraint.