Benefits & Carried Interest

Benefits

• Earn carried interest based on investments sourced and support for winning an investment
• Supplement and super-charge your own own angel investing and startup due diligence with access to 645 Ventures’ Investment & Research Team and Success Team.
• Receive post-decision feedback; why 645 chose to invest or not invest in the deal.
• Access quarterly reports and invitation to annual meetings.
• Gain connectivity into 645’s exceptional network of LPs and leaders to support their personal goals and aspirations.

Carried Interest

How does carried interest work?

645 will invest the agreed upon percentage of the total investment on behalf of the VP out of VP Fund III LLC. This works by 645 GP’s will forfeit a portion of it’s standardized carry and allocate it to the Venture Partners.

How is carried interest calculated for a Venture Partner?

Typically, 645 will invest 10% of the total investment on behalf of the VP out of VP Fund III LLC. This works by 645 GP’s forfeiting 10% of its carry in the investment and allocating a portion of it to the Venture Partners. All carry is subject to the fund which made the investment returning at least 1.0x DPI to its LPs.

After a liquidity event, when is carried interest paid to a Venture Partner?

Carried interest will only be paid if the full fund returns at least 1x. If a Venture Partner deal exits prior to the fund returning its funds at the 1x multiple, the funds will remain with 645 and will only be allocated one the fund hits the designated returns.