Traditionally, investors who lead funding rounds in companies get a board seat, if not more than one.
A 1966 graduate of Harvard Law School, he gave generously to it and led fund-raising campaigns for it.
In Tennessee, Mr. Hayes led fund-raising efforts for the campaign of Gov. Phil Bredesen in 2002 and again in 2006, when Mr. Bredesen was re-elected.
The woman, Amy Gorin, who with her husband led fund-raising for Mr. Patrick's campaign for governor, was appointed to the $72,000-a-year position last month.
Rae is a seasoned, early-stage investor and technologist, having previously led funds like Techstars Boston and Project 11.
According to John H. Bryan, who led fund-raising for the park, Pritzker enticed Gehry in face-to-face discussions, using a $15 million funding commitment toward the bandshell's creation.
While at Brown, he led fund-raising efforts to assist Jewish refugees from Russia who were victims of an anti-Jewish pogrom.
For example, they typically do not lead funding, nor do they assemble groups of investors around a portfolio company.
This same factor also leads fund companies to limit the size of the funds.
Leading fund managers say it can, but returns may be harder to come by.
