Inside Peak XV’s Uneasy State Peak XV Partners can’t seem to keep its top partners around. Earlier this month, the VC major saw three senior-level exits amid simmering tensions over power concentration, carry, and legacy inside the firm. So, why is Peak XV suddenly facing a succession test? A Pattern Of Exits: What looks like a sudden departure seems to have been building for close to two years now. At least eight partners have left Peak XV in the last 12-18 months, alongside 50 employees across incubator Surge, as well as marketing, product and advisory roles. The Faultlines: At the heart of the departures lies the classic struggle over influence and economics. Insiders describe decision-making at Peak XV as highly centralised, with the old guard maintaining a tight grip on all strategic decisions, LP relationships and final calls on economics. Many outgoing executives also believe that their upside (carry allocation) was capped relative to the value they’d created, while future fund participation remained in the air despite hefty exits. The Founder Anxiety: For many Peak XV-backed founders, the most unsettling part of the churn is the relationship risk. They are worried that departing partners, who often serve as key board… Read MoreInc42 Media
