Jan 22, 2026

by

Pavel Prata

SPV Fees by Stage: 2&20 Dominates at Seed, Drops to 28% at B+

Median carry at 15%; fees and carry show 0.08 correlation

Murph capital is a new MEDIA and community that connects emerging vCs with lp allocators

PROUDLY BUILD IN USA

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Murph capital is a new MEDIA and community that connects emerging vCs with lp allocators

PROUDLY BUILD IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Murph capital is a new MEDIA and community that connects emerging vCs with lp allocators

PROUDLY BUILD IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.