General Solicitation - after close of the Fund
I understand GP can talk about the Fund thesis publicly after the fund is completely closed. What is the case when Fund 1 and Fund 2 thesis are the same and GP will be starting to raise Fund 2 soon?
I understand GP can talk about the Fund thesis publicly after the fund is completely closed. What is the case when Fund 1 and Fund 2 thesis are the same and GP will be starting to raise Fund 2 soon?
Decile Base’s answer goes into... set up an SPV, watch out for conflicts, be sure to offer to all LPs, use your LPAC. All good. But I’d like to know how to specifically avoid conflicts of interest while introducing LPs to a deal we passed on (no...
Hello, we´re looking for templates for the following (couldn´t find any in Decile Base) policies: • Cash control • Privacy • Valuation • Cyber and info security • Code of ethics & personal trading • FCPA (anti-corruption & anti-bribery) • Politica...
Question edited for clarity, and with respect to capital commitments and fund size terminology.
"The Valuation Policy has been prepared in the context of FASB Accounting Standards Codification Topic 820 (“ASC 820”), “Fair Value Measurements and Disclosures,” which has been adopted by General Partner for the purposes of valuing the Portfolio ...
Excited to join VC Lab in the accelerator, in my preparation I came across recent policy change at the SEC. Does this impact our proceedings at all? Is this something that is already baked into the curriculum with VC Lab. Feel free to just share a...
I understand a 3(c)(1) Qualifying Venture Capital Fund with <$10M in assets and <250 beneficial owners is exempt from reporting and registering with the SEC. However, if the ManCo and GP/LP are all domiciled in Delaware, are there still state-leve...
My question is the LP should just inform that the Canadian Limited Partnership is the "owner"? Or goes upstream ? What to answer if no individual has more than 25% of the Canadian LP?
How do Fund of Funds get around the SEC look-through rules for investment companies? Say a FoF has 30-40 LPs and is structured as an LLC, wouldn't the SEC look through the fund entity and count each of the FoF investors as an investor in the fund?...
For a crypto firm likely to domicile in BVI, is it recommended to validate the firm name by searching trademarks or similar business names registered only in BVI, or in other countries as well ?
I've been told that raising from accredited Ontario Canada investors would subject GPs to the OSC regs. Do I need to register with OSC before launching the fund? I've been told if I am representing myself as a fund and making buy and sell decision...
What is general solicitation?
We are invited to a DEI in tech conference as a speaker and the organizer is asking me to speak as the MP of Axent Ventures about immigrant founders. We read the rules about General Solicitation. Shall we totally avoid pronouncing Axent and speak ...
Can we be the fund managers of our own fund and VPs of another (eg. portfolio VPs who simply refer in deals) or is this a conflict of interest?
If we have a podcast on VC can we mention that we are launching a fund or is that a no go?
Conflict of interest??? I have a long time friend and mentor who I have known for 12 years and trust significantly. He is a technology VP level at United Health Group. He could be interested in the GP with me but he is concerned about conflict of ...
I host 2 podcasts where I have both listeners and guests who could be LPs and/or part of our deal pipeline. What's the best way to communicate my 'fund to be' without crossing any boundaries?
Is it okay to list yourself as a 'Managing Partner' on LinkedIn before your first close?
How do LPs feel about fund managers investing their personal money? What kinds of limits are there? What do LPAs usually say?
Once the fund is launched, are we good to advertise it and where?
Are we allowed to share our journey to launching a fund and the fact that we are doing the VC Lab program on LinkedIn?
We have a portfolio company whose corporate secretary is making extremely exhaustive demands for documentation for KYC associated with our investment. We’re talking all our formation docs register of shareholders for the fund UBO details w/ passpo...