Carry attribution refers to how carried interest (carry) is assigned to the appropriate party in the fund, either the Fund Lead or AngelList, based on their involvement in sourcing LPs. Here's a breakdown of carry attribution for both LPs and Fund Leads.
AngelList-attributed LPs
AngelList-attributed LPs are those who discover investment opportunities through the platform. These LPs may have found investments via AngelList's browsing features or through marketing efforts by the platform. The carry from these LPs typically includes a portion attributed to AngelList, reflecting its role in facilitating the discovery and investment process.
Fund Lead-attributed LPs
Fund Lead-attributed LPs are those brought in directly by the Fund Lead through personal outreach, networking, or invitations. Carry from these LPs generally benefits the Fund Lead more directly, reflecting the lead’s personal involvement in sourcing these investors.
For specific cases
To ensure LPs are correctly attributed to Fund Leads, it's essential to track the details of each LP’s invitation and onboarding process. If Fund Leads notice attribution issues, they should reach out to the AngelList team with specifics to investigate and correct the problem.
In the event of discrepancies, leads should provide detailed information (e.g., LP names or situations) to AngelList Account Managers for further investigation and potential correction.