All Questions

It’s very complicated and the KYC is also very difficult. Unless the amount is very large, like $1 MM or more, then it is not worth it. The LP should convert the crypto and invest like normal.

It’s very complicated and the KYC is also very difficult. Unless the amount is very large, like $1 MM or more, then it is not worth it. The LP should convert the crypto and invest like normal.

No - a Fund does not need to finalize arrangements with specific Venture Partners at fund formation.   Typically, the Fund authorizes a Share Pool (similar to an option pool or stock plan) for future and intended Venture Partners, and a...

No - a Fund does not need to finalize arrangements with specific Venture Partners at fund formation.   Typically, the Fund authorizes a Share Pool (similar to an option pool or stock plan) for future and intended Venture Partners, and after hitting a first close, it will issue specific amounts (usually subject to vesting) using the Venture Partner Share Agreement template.  If you are a Decile Launch customer, we will prepare these agreements using the template - please contact your Venture Associate to coordinate. 

Europe has extensive laws governing general solicitation. There are pre marketing and post marketing laws. Some guidance for best practices everywhere in the world is below: https://govclab.com/2022/06/28/general-solicitation/

Europe has extensive laws governing general solicitation. There are pre marketing and post marketing laws. Some guidance for best practices everywhere in the world is below: https://govclab.com/2022/06/28/general-solicitation/

In most cases yes, and these are marketing terms.

In most cases yes, and these are marketing terms.

Unfortunately, you will not be able to calculate a markup here.

Unfortunately, you will not be able to calculate a markup here.

These platforms don’t work for LP fundraising. There are no shortcuts in fundraising unfortunately

These platforms don’t work for LP fundraising. There are no shortcuts in fundraising unfortunately

Yes, you can. Happens all the time. They may have some questions on taxes, but you’ll cross that bridge later. Don’t worry about it until you have secured a meaningful level of commitments.

Yes, you can. Happens all the time. They may have some questions on taxes, but you’ll cross that bridge later. Don’t worry about it until you have secured a meaningful level of commitments.

You can’t really switch the thesis on a fund mid-stream. You could launch a fund 2 with a different thesis but not in the same fund.

You can’t really switch the thesis on a fund mid-stream. You could launch a fund 2 with a different thesis but not in the same fund.

It’s not solicitation because these are lps that have signed PACTs

It’s not solicitation because these are lps that have signed PACTs

VC insurance policies, usually called Venture Capital Asset Protection Insurance (VCAP for short), are not designed for emerging mangers with small fund sizes. As a result, they are mis-priced and are not affordable. Vouch does have an o...

VC insurance policies, usually called Venture Capital Asset Protection Insurance (VCAP for short), are not designed for emerging mangers with small fund sizes. As a result, they are mis-priced and are not affordable. Vouch does have an offering for VCs, but it's cost-prohibitive for new and emerging managers with fund sizes of less then $20 million.

Under 5% carried interest, which is under 5% of the 100% that represent the 20% carried interest. See this for more information: https://govclab.com/2022/03/10/venture-share/

Under 5% carried interest, which is under 5% of the 100% that represent the 20% carried interest. See this for more information: https://govclab.com/2022/03/10/venture-share/

We do not recommend recycling on a first fund. It is complicated to manage. It delays starting your second fund. It is hard to explain to inexperienced limited partners. If you want to recycle despite the warnings, then you can set an a...

We do not recommend recycling on a first fund. It is complicated to manage. It delays starting your second fund. It is hard to explain to inexperienced limited partners. If you want to recycle despite the warnings, then you can set an amount in the Cornerstone, correct.

Venture Funds are long term investment vehicles and their structure makes it very difficult/impossible for LPs to pull their money out unless there are liquidity events such as exits. This is because your capital is directly invested in ...

Venture Funds are long term investment vehicles and their structure makes it very difficult/impossible for LPs to pull their money out unless there are liquidity events such as exits. This is because your capital is directly invested in private companies and the allocation is realized when there is a liquidity event. That being said, if there are exits before, which is possible, you will get distributions right away.

Avoid name dropping LPs. This is a major mistake. Say: "We can not reveal the identities of our LPs without their explicit permission, and we would not do that with you either."

Avoid name dropping LPs. This is a major mistake. Say: "We can not reveal the identities of our LPs without their explicit permission, and we would not do that with you either."

GPs should dedicate 60 - 80% of their time fundraising until you close the fund.

GPs should dedicate 60 - 80% of their time fundraising until you close the fund.

Yeah, that’s market. However, our partner Spicer Jeffries will do much better. If you want an intro, ask Long That being said, you should avoid doing audit in Fund 1 It’s a small fund and it’s not justified.

Yeah, that’s market. However, our partner Spicer Jeffries will do much better. If you want an intro, ask Long That being said, you should avoid doing audit in Fund 1 It’s a small fund and it’s not justified.

A "no" is a "no." Take it and move on. LP's almost never tell you the true reason that they are passing...

A "no" is a "no." Take it and move on. LP's almost never tell you the true reason that they are passing...

Send them as little info as possible. The goal of the email is to get the meeting. You can’t close a deal over email. The more info you send - the more opportunities for the person to say no. If you know the LP well, just write a 2 sente...

Send them as little info as possible. The goal of the email is to get the meeting. You can’t close a deal over email. The more info you send - the more opportunities for the person to say no. If you know the LP well, just write a 2 sentence email to get them on a Zoom. If you don’t get a 2nd degree connector to send a  email for you which includes a few stats and maybe a teaser deck that has like 4 slides.

If you want to build an enduring venture firm, that yes, it is mandatory.

If you want to build an enduring venture firm, that yes, it is mandatory.