Is a start-up employee allowed to start a venture capital firm while employed?

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JASON LEMKIN

Certainly it’s possible to start a tiny “venture” firm.

However, as soon as the firm is of any size and has traditional Limited Partners — those LPs will require you to work almost entirely on the fund.

You do see start-up execs raise tiny funds while still working at top tech cos. But these tiny funds are usually their own money plus a tiny bit of outside capital.

If you are going to do it for real … you’re going to have to leave your job.

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Published on November 25, 2016
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