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Larry Illg began their career in 2013 as an Investor at Naspers/Prosus Ventures. In 2015, they became a Board Director at SimilarWeb, and in the following year they joined the Board of Directors at iFood and Brainly. In 2016, they were appointed to the Board of Directors at Codecademy and Udemy, where they also served on the audit committee. In 2018, they joined the Board of Directors at Honor, and in 2019 they joined the Board of Directors at Swiggy. In 2021, they became a Board Director at Skillsoft, where they also served on the compensation committee. In 2022, they joined the Board of Directors at Stenn Technologies.

Larry Illg obtained their Bachelor of Arts in Economics from the University of California, Berkeley. Larry then went on to earn their Master of Business Administration from the University of California, Berkeley, Haas School of Business.