VC / PE people who have carry: do you usually have / sign the papers and vesting schedule straight away ? My fund has been withholding a lot of the paperwork and basically I am afraid to get screwed if I leave.

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Welcome to the cloudy world of PE/VC.

Am actually scared. This is messed up.

You don’t ‘sign the vesting schedule’ - you have no input on it so there is no agreement. You should be filing an 83b election each year in relation to your annual grant, but that’s about it

Am in the UK. But understood re US situation. Thank you. Have you heard of papers being delayed ?

Typically upon find close, assuming your carry is tied to the fund that’s in motion for raising. If your carry is tied to an already-closed fund, then you should be signing papers upon joining

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