Recent Examples of general partner from the Web
Patricia Nakache, general partner at Menlo Park’s Trinity Ventures, the largest investor in Ruby Ribbon, said direct sales is ripe for technological change.
The only Kleiner general partner who expressly focuses on life sciences, Seidenberg will soon split her time and her eventual exit will inevitably raise some questions about Kleiner’s commitment to that type of venture investing.
Or did the poor reputation of managing general partner Robert Sarver limit your reach?
Fortus Partners, the general partner for the fund, was cofounded by Corey Hanker and Jordan Friedman in 2011.
The eccentric general partner of the incubator and venture capital firm apologized and resigned from his role.
This deal was set in motion six weeks ago by DC United chief executive and managing general partner Jason Levien, who contacted Stretford to renew the American side's interest in Rooney.
NuStar plans to fold its general partner, NuStar GP Holdings, into its operations and cut its annual distribution to investors by roughly $200 million.
At the top of the CB Insights list for the second straight year was Bill Gurley, a general partner at Benchmark, which was a Stitch Fix backer and one of the biggest investors in Uber.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'general partner.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of GENERAL PARTNER
What It Is
How It Works
In some partnerships, all the partners are general partners, and they are all liable for the debts and obligations of the business. In other partnerships, some of the partners are general partners and others are limited partners. In those cases (called limited partnerships, or LPs), one or a handful of general partners manage the day-to-day operations of the business and are personally liable for the business's debts.
Unlike general partners, limited partners have no daily management role, cannot encumber the business, and are not personally liable for the business's debts. Instead, they receive a share of the firm's profits in exchange for their capital investments, and usually the worst that can happen is that the value of their investment falls to zero. Limited partners who take managerial roles could be considered general partners in the eyes of the law.
Why It Matters
General partners bear the lion's share of the risk in a partnership. They must make important decisions about the company, and they must be prepared to forfeit their personal assets in a worst-case scenario. Day-to-day management and risk burdens are two reasons general partners usually receive management fees in addition to large percentages of the partnership's profits.
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