Limited Partner, the people (funds) who give VCs money to invest. If you read the cached version of the content that was previously on the page (someone linked it in the comments) it's kind of maximally embarrassing for them, and really puts to rest any notion that elite VCs are smarter or better than the rest of us.
The important bits: “A limited partner's loss from the company's operations may not exceed the amount of the individual's investment.” and “Limited partnerships are pass-through or flow-through entities. That means that all partners are responsible for taxes on their share of the partnership income, rather than the partnership itself.”.
