The development of a new venture partnership and the challenges associated with raising their first fund recorded. The decision to focus on early-stage investments, to determine the appropriate size of the fund, the fund-raising process, and the steps in the closure are all examined. Also presents information about the relationships between the five partners, the division of responsibilities and compensation. Provides personal background on each of the partners and explores her … Read more »

The development of a new venture partnership and the challenges associated with raising their first fund recorded. The decision to focus on early-stage investments, to determine the appropriate size of the fund, the fund-raising process, and the steps in the closure are all examined. Also presents information about the relationships between the five partners, the division of responsibilities and compensation. Provides personal background on each of the partners and explores their motivation for choosing this career change at this particular moment in their lives.
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from
Myra M. Hart,
Kristin J. Lieb
Source: Harvard Business School
21 pages.
Publication Date: Feb 10, 2004. Prod #: 804138-PDF-ENG
Orchid Partners: A Venture Capital Start-Up HBR case solution