Decile Base Beta
Ask a Question
Log In Apply to VC Lab
Previous Question
Next Question
0
Fundraising

What are the basics of LP term sheets and investor qualifications for first-time fundraisers?

Asked by:
Community Member
1
0
0
May 03, 2023
I'm a first time fundraiser and I have some super basic questions: Is there a standard or basic term sheet for a LP? Is anyone who wants to invest considered an LP?
1 answer
0
Mike Suprovici
Accepted Answer
May 03, 2023
As you accelerate your pitching you will use a PACT to collect interest. Then after you have $1m+ or more collected in PACTs, your law firm will help you incorporate all the entities and governing docs. Then you will send LPs an LPA to sign. 
Add a comment

Log In

Please Log In with your Decile Hub credentials.

Log In

Apply to VC Lab Cohort 13

Get full access to Decile Base and the Decile Hub venture platform for free by joining the VC Lab program.

Apply to VC Lab Cohort 13
Related Questions
Would You Consider Selling GP Stake or Offering AUM Discount to Attract an Anchor Investor? 0 May 03, 2023 Capital Call Frequency 3 Jul 23, 2023 What will LPs audit before they commit? 1 Jun 26, 2023 What are the different types of anti-dilution terms and when are they used? 1 Jul 21, 2023 Are preferred stock rounds generally raise on pre-money or post-money valuations? 1 Nov 27, 2023