All Questions

No, it doesn't work like this. Assume carry is 100%, irrespective of fund size. When you give carry to a VP, it's a % of 100%. So, if you decided to give a VP 5% it will be 5% of 100% of the carry. This has nothing to do with the fund si...

No, it doesn't work like this. Assume carry is 100%, irrespective of fund size. When you give carry to a VP, it's a % of 100%. So, if you decided to give a VP 5% it will be 5% of 100% of the carry. This has nothing to do with the fund size.  Also, the extreme example that you have above is unrealistic. It's common for funds to over-subscribe the target stated on the LPA, but it's not common for funds to over-subscribe by that much nor will LPs be ok with you doing this because it drastically changes their return profile.  So, in practice, it's normal for people to maybe over-subscribe by 50% - 200%, but not 500%.  In the event that you truly had that much more demand from LPs, you would close a Fund 1 and move the rest of the demand into Fund 2.

Currently, adding funds through the platform by yourself is not supported. Could you please share why you need to add a second fund? Understanding your specific needs will help us provide the best possible assistance. For example, if you...

Currently, adding funds through the platform by yourself is not supported. Could you please share why you need to add a second fund? Understanding your specific needs will help us provide the best possible assistance. For example, if you're looking to fundraise for an SPV, setting up an additional SPV pipeline under our Fundraising section might be a more efficient solution than creating a new fund. Please note, we generally recommend waiting until your first fund is fully closed before adding a second one. If a second fund is essential at this stage, we can assist in setting this up for you, ensuring it aligns correctly with your goals.

It's ok to encourage LPs and VPs to make introductions to LPs. There is no way to require any LP or VP to have one of their connections invest in the fund, however. 

It's ok to encourage LPs and VPs to make introductions to LPs. There is no way to require any LP or VP to have one of their connections invest in the fund, however. 

Most funds will request a 1 or 2-year extension at that point. Then, you may distribute the equity back to LPs or you may chose to liquidate in the secondary markets. 

Most funds will request a 1 or 2-year extension at that point. Then, you may distribute the equity back to LPs or you may chose to liquidate in the secondary markets. 

I'm sorry to hear that you're experiencing difficulties with the video feature on your PACT form. I've tested it in my own sandbox account, and it worked fine. Could you please confirm whether you followed these steps: navigate to Fundra...

I'm sorry to hear that you're experiencing difficulties with the video feature on your PACT form. I've tested it in my own sandbox account, and it worked fine. Could you please confirm whether you followed these steps: navigate to Fundraising, click on PACTs, then click on PACT Content, enter the Video URL (which has to be a YouTube URL) under PACT LANDING PAGE MEDIA, and finally click on "Save changes" in the bottom right-hand corner? This will help us troubleshoot the problem more effectively.

He can disclose that he is advising your new firm and the time commitment that he will dedicate.

He can disclose that he is advising your new firm and the time commitment that he will dedicate.

User variables are data points that users create and define for specific needs. They can represent a variety of information such as a URL, a name, a date, or any other specific data that the user wants to use regularly. These variables c...

User variables are data points that users create and define for specific needs. They can represent a variety of information such as a URL, a name, a date, or any other specific data that the user wants to use regularly. These variables can be inserted into email templates or documents, and they will be auto-populated with the relevant data when used. System variables are predefined data points set by the system. They represent common pieces of information that are frequently used, such as a prospect's name, a firm's name, or a link to a deck from a data room. These variables are automatically populated with the relevant data when used in emails or documents, streamlining the process of personalizing communications or documents. To summarize, the main difference between user variables and system variables lies in their creation and purpose. User variables are created by users to meet specific needs and can be customized based on the information they want to use regularly. On the other hand, system variables are predefined by the system and represent common pieces of information that are frequently used across different users. While both types of variables are auto-populated with relevant data when used, user variables offer more flexibility as they can be tailored to individual user requirements.

Great suggestion. We're currently working on expanding the categories for "setting a variable" beyond % probability and will notify everyone here in the Decile Base community once additional options are available.

Great suggestion. We're currently working on expanding the categories for "setting a variable" beyond % probability and will notify everyone here in the Decile Base community once additional options are available.

We are reworking this system to make it better, however, there is a workaround in the meantime that provides direct access to files through a variable to your pipeline prospects.  1. go to your folders, let's use Sample-Capital-DataRoom,...

We are reworking this system to make it better, however, there is a workaround in the meantime that provides direct access to files through a variable to your pipeline prospects.  1. go to your folders, let's use Sample-Capital-DataRoom, as the example: https://sample.decilehub.com/data_room/folders/RnelPZGq 1. that is a dud URL i just created 2. go to the folder file you want to share in a new tab let's use "Sample-v2024-04-22" as the example 1. right click on "Presentation" click "open in new tab" 2. click on  Sample-v2024-03-22.pdf 3. you will see this as your URL: https://sample.decilehub.com/data_room/folder_files/3N9VgRnZ 3. click the carat ">" next to Fundraising in your navigation 4. right click on LP Emails, "Open in new tab" 5. you now have three tabs, the folder, the file, and an email template writer 6. in the body of your email template if you would like to send an email to someone to receive a single file you will type the following exactly 1. [[data_room.Sample-Capital-DataRoom/folder_file=3N9VgRnZ]] 2. where "Sample-Capital-DataRoom" is the name of the parent folder from step 1 3. where "3N9VgRnZ" is the path from the file URL in step 2.3 7. When you send this to a prospect in your pipeline they will receive the following in their email 1. https://sample.decilehub.com/data_room/preview/1bvZaNd37-T3St5-lLvbs-T0JwTJ?file=3N9VgRnJ 2. This will take them directly to the file you are looking to share

Tags are great for this use case. Also, you can setup a Meeting stage where you can move LPs that you have met with. 

Tags are great for this use case. Also, you can setup a Meeting stage where you can move LPs that you have met with. 

The API is only generally available for Decile Partners at the moment. We'll have some more options for using the API soon. Find out more about starting a relationship with Decile Partners here

The API is only generally available for Decile Partners at the moment. We'll have some more options for using the API soon. Find out more about starting a relationship with Decile Partners here

There are no standards for returns in VC, because venture is an outlier business. This is also why most of the data online is not great, especially at the pre-seed or seed level.  If LPs are asking your for this info, you're in a bad pl...

There are no standards for returns in VC, because venture is an outlier business. This is also why most of the data online is not great, especially at the pre-seed or seed level.  If LPs are asking your for this info, you're in a bad place in your pitch, because that means they are not excited about what you're doing. So, they then have to try to compare asset classes etc.., which is not a debate that you can win. You can tell them that the VC asset class is the best performing one until you're blue in the face, but it will not matter, because they already made a decision not to invest.  Find your edge. It's because of this edge that you have the potential to produce outlier returns. Focus on that in the pitch. The performance of the asset class is irrelevant. This is not PE or public markets etc where the difference between a good GP and a great one is 10%. In venture, the difference between a good GP and a great one is 100%+.

Typically, 50% of meetings convert to PACTS for a fund size between $100K and $1MM. You're not doing well if it is 30% or less.

Typically, 50% of meetings convert to PACTS for a fund size between $100K and $1MM. You're not doing well if it is 30% or less.

To achieve quicker PACT signings, it's crucial to implement strategic targeting and streamline the interaction process with potential Limited Partners (LPs). Start by identifying the right LPs based on their investment size: small (Angel...

To achieve quicker PACT signings, it's crucial to implement strategic targeting and streamline the interaction process with potential Limited Partners (LPs). Start by identifying the right LPs based on their investment size: small (Angels and High Net worth Individuals, $100k - $1MM), medium (High Net worth Individuals, Small Family Offices, Corporates, $1MM-5MM), and large (Sovereign Wealth Funds, Endowments, Large Corporations, Medium to Large Family Offices, $5+MM). The time it takes for these LPs to sign can vary, with smaller LPs typically taking 1-3 months, while medium and large ones can take 3-12 months or even longer due to their extensive due diligence processes. To facilitate a faster signing process, consider the following steps: 1. Streamline Interactions: Minimize unnecessary friction in the PACT signing process, as PACTs are non-binding letters of intent and should be treated as flexible and momentum-driven. 2. Leverage Intimate Events: Invite LPs who have already signed PACTs to intimate events and encourage them to bring a potential LP friend. This can lead to better conversion rates through personal interactions. 3. Optimize Communication Strategy: Develop a consistent and informative communication style, avoid sounding desperate. Your tone should be inviting and confident, focusing on providing information rather than overt selling. 4. Structured Meeting Process: Arrange LP meetings strategically. Aim to get a PACT signed by the second or at the latest, the third meeting. Limit the number of meetings and always move towards signing a PACT. Use statements like, "I would love to know your interest level in investing, we're looking for a $500k-$1M position, before I send you XYZ I would love for you to sign a PACT." 5. Control Access to Materials: Implement a policy of "No PACT, No Access" for most small and medium LPs. This helps to ensure that only serious prospects have access to detailed materials and data rooms. By focusing on these strategies, not only do you maintain a clear and efficient pathway towards closing, but you also respect the time and commitment of potential investors, making it more likely for them to engage positively with your fund.

A manager may decide to set up a “Parallel Fund” in order to accommodate the needs of certain limited partners that have tax, regulatory or other issues in investing in the primary fund.  For example, a non U.S. limited partner may want...

A manager may decide to set up a “Parallel Fund” in order to accommodate the needs of certain limited partners that have tax, regulatory or other issues in investing in the primary fund.  For example, a non U.S. limited partner may want to take advantage of a certain tax treaty available to them by investing in a Parallel Fund. The Parallel Fund would be set up in a different jurisdiction and would make the same investments as the primary fund, subject to certain exceptions given the issues necessitating the need for the parallel structure.   The Cornerstone includes an optional provision that allows for the manager to set up such a Parallel Fund to accommodate legal, tax, or regulatory considerations of certain investors subject to the requirement that the manager treat all investors in a fair manner as further described in the Cornerstone.   Obviously, a manager should evaluate the costs and administrative burden prior to setting up any Parallel Fund.

Note: We are aware that these settings are a little bit hidden right now, and plan to have a more unified place to change them and see how they appear in the future. Currently, these fields can be set by going to decilehub.com/firm_admi...

Note: We are aware that these settings are a little bit hidden right now, and plan to have a more unified place to change them and see how they appear in the future. Currently, these fields can be set by going to decilehub.com/firm_admin/firms , and then clicking the edit icon next to the desired Fund: [image.png] This will open a slideover panel where you can set fields such as Fund Thesis, Fund Description, and if you scroll down a little bit you should also see News. Fund Managers: This data is drawn from https://www.decilehub.com/team and lists team members with a title of "Managing Partner" or "General Partner". Failing that, it will list the account owner.

Venture Studios and accelerators are very different approaches, so pick one. Also, from an LP's perspective, you need to show that you've been successful at helping or investing in working moms who have created large companies. Being an ...

Venture Studios and accelerators are very different approaches, so pick one. Also, from an LP's perspective, you need to show that you've been successful at helping or investing in working moms who have created large companies. Being an entrepreneur yourself is not correlated to you being a great investor from the LP's perspective.

Please follow the steps below to find and use the Thesis Generator Tool in Decile Hub -1. Navigate to Settings in the left nav -2. Click on Entity Management -3. Now click on the edit button next to the fund you would like to develop a...

Please follow the steps below to find and use the Thesis Generator Tool in Decile Hub -1. Navigate to Settings in the left nav -2. Click on Entity Management -3. Now click on the edit button next to the fund you would like to develop a thesis for -4. Underneath the 'fund thesis' section click on 'Help me generate a thesis' -5. Fill out the form -6. Save the generated thesis directly into your Hub account Here is a short step by step instruction video demonstrating the aforementioned steps: https://www.loom.com/share/13648571454345e8a84d8701de9eab33

Decile Base is an AI-powered knowledge base designed specifically for the venture capital industry. This new product by VC Lab provides immediate responses to complex questions related to all facets of venture capital operations based on...

Decile Base is an AI-powered knowledge base designed specifically for the venture capital industry. This new product by VC Lab provides immediate responses to complex questions related to all facets of venture capital operations based on decades of Venture Capital experience and best practices from hundreds of new venture firm launches. The platform’s strength lies in its combination of a Quora-like Q&A system and a generative AI. This integration allows Decile Base to instantly deliver the answers assembled from a collection of >1,000 existing questions answered by industry professionals. If the answer is not available, then the question is posed to industry experts - as is the case with this question here. Decile Base is in BETA as part of Decile Hub, the top vertical SaaS platform for running venture capital firms. The BETA version is currently available for the VC Lab community and has seen fast adoption. With the system's integration to Decile Hub, it additionally has the ability to answer various topics related to using the Decile Hub Platform. It can provide guidance on functionality, data import, tutorials, additional services, thesis creation, deal review, and more for VC firms. This integration is designed to support users in a number of capacities and help them make the most of the Decile Hub Platform.

Here is a template 1 pager: https://fndri.com/383hpyP  One of the best ways to setup a one-pager is to distill down the main slides in your deck into separate sections on the page. 

Here is a template 1 pager: https://fndri.com/383hpyP  One of the best ways to setup a one-pager is to distill down the main slides in your deck into separate sections on the page.