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Unable to import bulk LP contacts using CSV file

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Feb 22, 2024

Error with Please submit a valid csv file. - Invalid byte sequence in UTF-8 in line 57.

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This error may be due to an issue with the formatting or content of your CSV file. Try opening the file in Google Sheets and then downloading it as a CSV file again. This process can often resolve any hidden formatting issues. If the pro...

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Can I use my own Law Firm and work with Decile Partners?

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Feb 22, 2024

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We have migrated several firms on custom legal agreements to Decile Partners. However, the bar for admissions is significantly higher.  Due to the nature of migrations, the Decile Partners team will need to undergo thorough diligence of...

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What is the LP institute curriculum?

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Feb 20, 2024

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Sprint 1 – OrientationFebruary 21st, 2024 – Introduce LPs to each other, familiarize them with the investment process, and grant access to necessary systems. Mentor: @Adeo Ressi February 23rd, 2024 – Working Group & Social Session Sprin...

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What is the LP institute?

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Feb 20, 2024

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The LP Institute is an 8-week online program built to teach Limited Partners (LPs) the process of investing in top venture capital managers. The program focuses on sourcing, conducting due diligence, and successfully closing on at least ...

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What is the importance of a PPM for a new VC firm during fundraising?

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Feb 19, 2024

Hi VC Lab, I'm in the process of establishing a new VC firm, New Light Ventures, focusing on innovative startups. I am considering the need for a Private Placement Memorandum (PPM) to facilitate our fundraising efforts and ensure compliance. Cou...

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PPMs are not common for small emerging manager funds. They are typically more common in very large funds >$50M. The legal cost is not often justified for small fund sizes. Small emerging firms typically do not manage enough money to wher...

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historically have pre-seed funds performed better by keeping resrvers for follow-on or by increasing the number of companies they invest in

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Feb 13, 2024

Would love to find some aggregated data on historical performance for funds following the two different approaches.

Top answer:

Most small funds can't have reserves. Reserves are viable around the $20m range. This is because, in many cases, just maintaining pro-rata in some of the winners can cost millions of dollars. So it's just not really viable for funds <$10...

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Added Deals by Investment Inquiries Form

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Feb 12, 2024

When an investment is added via the web form, it should have a stage "Added by Investment Inquiries Form" (this is also what I set in the "Forms" settings. Instead, it is just being added with the stage "Added", with no notification email. Also, n...

Top answer:

We've noticed a glitch in our system that's causing submissions from the Investment Inquiries Form to be routed to the wrong stage ("Added" instead of "Added by Investment Inquiries Form") for newly created Hub accounts. Our team is act...

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Fund setup in Cayman Islands

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Feb 08, 2024

Looking forward to any referrals for parties/advisors for fund setup in Cayman Islands. 

Top answer:

The Cayman Islands is an expensive and slow domicile, so it is not recommended to set up funds in the Caymans. A less expensive, less regulated, but also slow domicile is BVI, and Decile Partners can work to set a fund up there. Assume t...

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Is reporting to CB Insights or PitchBook worthwhile for a VC fund?

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Feb 08, 2024

We get a stream of inquiries from these companies that want us to report on our investment activities. Presumably Signal will want this too. I would like to know what the pros and cons of participating in this busywork are. 

Top answer:

It's not that valuable from a sourcing or fundraising perspective. There is little benefit from being featured in CB Insights & PitchBook. They need your data for reporting reasons. 

 -  Mike Suprovici
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Is SBIC funding a viable option for venture?

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Feb 07, 2024

Top answer:

If by funding you're referring to SBIC investing in your fund, then the answer is no. However, it can be an option for your portfolio companies. 

 -  Mike Suprovici
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Top answer:

In this Loom instruction video Travis demonstrates, step-by-step, how to grant a pipeline prospect direct access to a specific data room folder, bypassing the default authentication process that typically requires logging in. He begins b...

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What is the best procedure for offering deal flow directly to LPs? Not co-investments -- but good deals that don’t fit the fund thesis.

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Feb 06, 2024

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...

Top answer:

Generally speaking, avoiding conflicts of interest when introducing LPs to a deal a Fund has passed on (and where such deal is not within the Fund's thesis), would be accomplished by following these best practices: • Set up the LPAC (thi...

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I'm getting several questions comparing the S&P index with the possible return of our fund, how should I answer it?

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Feb 06, 2024

1) An ordinary bank fixed deposit doubles in 7.5 years or less with zero risk. 2) S&P 500 $100 invested in 2011= $444 in 2023, a return of 344%, 12.5% per year. If Adjusted for inflation, published fund returns will be even lower. I saw a similar ...

Top answer:

If have reached this point, you probably have lost this LP and are unlikely to be able to turn them around. That being said, here is what this LP is missing. Unlike the asset classes that this LP is citing, there is a MAJOR difference be...

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What was released for Decile Hub in the week ending February 2nd, 2024

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Feb 02, 2024

First Iteration of Release Notes for the Decile Hub VC platform: Subscribe to this channel to be notified of all future release notes. Feel free to add a comment if you have any relevant questions.

Top answer:

Updates to the platform v24.2.2:• [Pipelines] Your Pipelines in Decile Hub now have some great new advancements with regard to data of each prospect. • Adding a new data point to a prospect can now be enabled to show as a column for qu...

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Question: My prospective LP wants to invest into my Fund out of a self-directed IRA. Can they do this? Yes - however, note that both the Fund and the LP must be set up with a Trust company (the same company!) that will act as Custodian...