A GP is a partner and as such has an financial interest in the success of the fund. In fact, they have a greater financial exposure than LPs, since they have unlimited liability for the partnership’s obligations (how much upside they have depends on the partnership agreement, its possible that LPs have all of that and a GP that's not also an LP would not — but just having downside exposure is still a serious financial interest.)
>GP is a partner and as such has an financial interest in the success of the fund
Sure there will be some stake attached to GP, that may be a national dollar or it may be more depending on structuring. We don't know either way. My point is based on knowing nothing more than he is a GP we can't conclude "he owned the OpenAI startup fund" which is verbatim what is being claimed in the article and what I objected to.
>how much upside they have depends on the partnership agreemen
...right which is what I meant with "some sort of carry or other compensation".
