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Where I can find a good template or example of a formal investment procedure at VC fund as a separate document. Shall cover roles, responsibilities, timelines, processes ets.

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Jun 14, 2024

I've raised from several institutional LP's and they ask for formal investment procedure at VC fund as a separate document with roles, responsibilities, timelines, processes ets. May be someone has done something similar so I would not build from ...

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In the registration confirmation email they are provided with add to calendar links. And immediately after registering they are shown iCal, outlook, and gCal links.

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Please follow these steps, see screenshots for clarification. • Navigate to Events. • Click on the respective event. • You will see three menu options: "Event Details", "Settings", and "Event Attendees". • Click on "Event Attendees". • C...

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Are there any SPV providers in Canada?

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Jun 11, 2024

I have been doing a lot of research and can't seem to find any Canadian equivalents to Angelist, Carta, and Sydecar.  Brightspark Capital utilizes SPVs, and I know they are creating a beta SPV product, but it's currently not released publicly.  ...

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If an LP unfortunately passes away, said LP's partnership interest will be handled by the arrangements made with respect to the LP's heirs, executors/administrators of an estate, successors, etc. The LP is responsible for setting these u...

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What are the risk of raising equity money for your ManCo? What are the best practices to structure it?

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Jun 10, 2024

We want to raise money for our ManCo, and we want to understand the risks.  We will structure it as an SPV in our name and let external investors join through the SPV; this way, there should be no implications for governance and the cap table.  ...

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Investors in the ManCo will get carried interest in all future funds. While their investment provides working capital in Fund 1, GPs will grow very resentful should the firm be successful in later funds because they will share carry with...

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When the same Limited Partner (LP) signs a new PACT (using the same email address as before) with a higher amount, the system overwrites the existing PACT. This overwrite includes updating the PACT amount to the new higher value and the ...

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Are you asking us how to access your files in Decile Hub's File System? • If so: • Navigate to the "FILES" section in the left navigation. • Click on "All Folders." • You have two Custom Data Rooms/Folders in your Hub account, one ...

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What are management fees?

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Jun 05, 2024

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this question has already been answered, and is a great example of something that you should ask the AI (the field at the top of the screen) here is the previous answer Here is the answer from Decile Base AI “Management fees are the ...

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What are SPV (Special Purpose Vehicle)?

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Jun 05, 2024

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Generally speaking, SPVs (Special Purpose Vehicles) are investment entities (commonly LLCs) formed for the purpose of making a single investment into a single startup.  • For example, let's say a fund has received a follow-on opportunity...

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Lowering SAFE cap for larger tickets?

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May 30, 2024

What is your advice/reaction to a founder that wants to issue two levels of SAFE notes? Level 1: Minimum Investment: $10,000  Conversion Terms: Convertible to stock in the Series A round at a $20 million pre-money valuation cap.   Level 2: Minimu...

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This is not a good approach and will cause 409a valuation issues for the founder. It's also incredibly difficult for them to explain this to future investors. Every investor in this round should come in on the same terms. Then, after the...