Clawbacks in Venture Capital: The Hidden Clause That Protects LPs

A deep dive into the GP’s promise to give money back when things don’t go as planned.

Dear Readers,

Welcome back to HealthVC, the newsletter for investors and operators who want to understand the mechanics behind the capital. We talk about the fine print—the terms, structures, and systems that define how money moves in venture capital, especially in Europe’s evolving health tech scene.

This week, we’re diving into a clause few talk about o…