# What is Limited Partner?

An investor who puts money into a venture fund but does not pick the deals, often called an LP. Pension funds, endowments and wealthy individuals fill this role, and the fund's managers report results back to them.

## In real work

Each limited partner in Nadia's first fund, from a university endowment to two former founders, gets a quarterly letter on how the companies are doing.

## Related terms

- [SAFE](https://prompthausapp.com/learn/safe.md)
- [Valuation Cap](https://prompthausapp.com/learn/valuation-cap.md)
- [Dilution](https://prompthausapp.com/learn/dilution.md)
- [Pro Rata](https://prompthausapp.com/learn/pro-rata.md)
- [Carried Interest](https://prompthausapp.com/learn/carried-interest.md)

## How is this different from Googling it?

Google gives a definition. Prompthaus pairs each term with how it shows up in standups, PRs, prompts, and design reviews. Then it quizzes you until the word sticks. One term a day on iPhone.

- Category: Venture
- HTML: https://prompthausapp.com/learn/limited-partner
- App Store: https://apps.apple.com/us/app/prompthaus-ai-vocabulary/id6776314407