2025 Silent Capital Report now available. Where family offices and LPs are actually deploying. [Download for free →]

VC Lab's Venture Partner Agreement Template

A toolkit for scaling a VC firm. This template outlines the relationship between a fund and a 'Venture Partner' (a part-time operator who sources deals). It defines the economics: typically a split of the 'Carry' (profit share) on deals they source, but no salary. The agreement covers non-competes, attribution rights, and vesting schedules. It models how Emerging Managers can build a 'Scout Network' without increasing fixed management fees.

Why is relevant?

For emerging fund managers, this is how you scale sourcing leverage. For operators, it explains how to monetize your network without launching your own fund. It standardizes the often-murky world of 'Carry Sharing', preventing disputes over who owns the deal attribution.
VC Lab's Venture Partner Agreement Template, investment firm website screenshot
Author
VC Lab
Publication date
July 28th, 2022
Difficulty
Beginner
Keywords
  • Venture partner agreement
  • VC fund structure
  • carry sharing
  • deal sourcing
  • scout network
  • emerging managers
  • fund operations
  • profit sharing
  • legal templates
Last update