Optimal Strategies for Joining a Micro VC Firm as a Partner

Jason Lemkin advises on the best approach for someone with recent liquidity to join a micro VC firm as a partner. The key recommendation is to become a venture partner with the ability to source and lead deals, securing a full GP stake in sourced deals rather than accepting trivial carry in existing funds. The choice between buying GP stake exposure versus joining for a new fund depends on whether the existing fund has remaining investment capacity.