![]() ![]() One of the essential parts of a partner's role will be bringing new funding opportunities to the firm. Some may have roles similar to that of board observers, while others may take a more active role in guiding the strategy of deals. They have higher level, strategic roles within the firm concentrated upon high-stakes funding choices. Most partners at a VC firm will not usually be involved in the company's day-to-day activities. They will also have less power to execute deals but have been elevated due to their earlier experience and will be on their way to making partners. Junior partners do not have equity in the firm and will have fewer responsibilities and less authority. There may also be junior partners in a portfolio company. And they are less likely to be involved in individual investment decisions.
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