What is the Average Ticket Size and Conversion Rate for a Fund with HNWI LP Base from Pitch to Investment?
What would be the average ticket size and conversion rate from pitch to investment for a fund with a HNWI LP base?
What would be the average ticket size and conversion rate from pitch to investment for a fund with a HNWI LP base?
Is it common for both Portfolio and Fundraising Venture Partners to charge a fixed upfront amount per deal invested in addition to the carry to be received at the end of the investment period? and if so how would this compensation be in economic terms?
Does anyone know if it’s possible to add a charity as a Venture Partner? Are there any legal/tax issues (I can’t think of any off the top of my head)?
Question about the target size of the first close: our plan was to hold a first close at the $2.5M (25%) commitment level. We have heard Mike and Adeo mention a 10% level several times. What is the current best practice for nano funds such as ours?
I'm working on the capital call structure, and I am not sure what's the best way to do it. How are you structuring capital calls to avoid having capital in the bank loosing value? My fund is $5M and the investment period is 30 months.
Looking for guidelines/best practices with regards to angel syndicates- what are the pros/cons of having one or more LP's that are angel syndicates? -are there special terms to consider? -pitfalls to avoid?
For foreign investors does one really need a cayman feeder structure ? The investor can do it themselves if they are really bothered right ? Since most returns will be long term gains there will usually be no witholding even if there is a K1 and other tax forms sent out. Is this correct understanding. Do foreign investors want it more for privacy ?
Hi everyone I have an opportunity to create content pieces (video and blog) via industry conference. This involves significant costs I have not registered my fund yet can I count these expenses as marketing cost later when I launch my fund ? Is there anything I need to do now that might help me account for this expenses later when I launch my fund.
what do you think about a 'minimum commitment'? I found that a minimum commitment is a hell of a strong anchor. 90% of my LPs commit to a minimum. only one asked to go below it and only a couple were ready from get go to go above it. I am a bit surprised. My minimum so far was $100k but given what I see I am thinking of just upping it to $200k. thoughts?
Is there a problem with forwarding the URL of our newsletter to potential investors/connectors to share? Giving them the option to sign up for future newsletters if they choose.
Regarding co-investment rights as discussed on the AMA agree re co-investment in follow-on is ideal. What are you thoughts on co-investing with institutional LPs (not participating in fund 1) as a way of 1) building our credibility in the market as emerging manager and 2) building relationship with that LP for subsequent funds? In this specific case we have a state insurer (65B fund biggest healthcare investor in the country) that are interested such a relationship as a start their check size is 2-50m for direct so we are looking at the lower end ideally with us leading. We are thinking ideal scenario would be to announce first close and first investment with marquee names alongside us. Appreciate your thoughts on this.
One of my European LPs is asking about the US tax implications from becoming an LP in a Delaware LP or LLC. We have not yet engaged lawyers and tax advisors for fund formation so hoping that someone can share links. I am seeing conflicting reports. According to KPMG 2015 () page 25-26 see section 'Sale or Exchange of Capital Assets' gain on the sale of investments is not taxed in United States if you are nonresident alien but then according to if the Delaware LP entity (the fund) 'is engaged in U.S. trade or business and has effectively connected income' my Limited Partner will have to pay withholding taxes. Any advise?
I am searching for an objective and lightweight way to measure the decarbonization impact of the companies we invest in. So far we have come across overweight auditing options or unverifiable 'napkin' calculations. We like to be able to prove to our LP's that our investments really make a difference in a way that makes sense for the tickets we plan to invest ($300K). Any experience or ideas on this? ( Andrea Monti or Adeo ?)
Anyone familiar with data-frameworks/models/tech that allows faster decision making on a ‘go’/‘no-go’ on the numbers for deals? Kind of what folks like Lighter Capital are doing (20 minute term sheet)
A potential LP is interested in investing in the fund (I wasn't soliciting :slightly_smiling_face:). He asked for pro-rata assignments. Not exactly sure what this means. Also what kind of legal paperwork is behind this?
Is there a VC Lab suggestion for a newsletter template or a few good examples you could share? Thanks!
Are 'Fund rules' and 'Investment criteria' the same thing?
If there’s another fund setting up a 5-7x your size of fund and would invest in your fund but want to set it up as a SPV/SPC so its part of the bigger play yet you’d have all the independence you need to run things etc. what would you see as the pros & cons?