Venture capitalists usually raise money for their funds from various outside sources, such as institutional investors (pension funds, endowments, and foundations), corporations, family offices, and high-net-worth individuals. These investors are known as limited partners, and they commit capital to the VC fund for a specific period, usually 10 to 12 years. The VC firm, which consists of the investment professionals managing the fund, is known as the general partner.
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