All Questions

It's possible but there are conflicts of interest within their own funds that must be disclosed and overcome to make this happen. It's usually pretty complicated, that it's not worth it.

It's possible but there are conflicts of interest within their own funds that must be disclosed and overcome to make this happen. It's usually pretty complicated, that it's not worth it.

Your track record statistics referenced in your Thesis and in your deck should only be at the related stage and in the related industry. These are the only things that matter to limited partners reviewing the opportunity. If you are work...

Your track record statistics referenced in your Thesis and in your deck should only be at the related stage and in the related industry. These are the only things that matter to limited partners reviewing the opportunity. If you are working in space and referencing deals in other industries or at other stages, this will be misleading and irrelevant. 

So, in other-words, the LP is trying to negotiate to lower your carry. You should push back and say no. You’re going to be managing their money for 10 years! 80 - 20 is standard.

So, in other-words, the LP is trying to negotiate to lower your carry. You should push back and say no. You’re going to be managing their money for 10 years! 80 - 20 is standard.

Brokers are not a good use of time. Please avoid brokers at all costs. 

Brokers are not a good use of time. Please avoid brokers at all costs. 

You will likely setup an LPAC to help you manage conflicts. It’s not uncommon for at least one LP to be on it.

You will likely setup an LPAC to help you manage conflicts. It’s not uncommon for at least one LP to be on it.

You can do whatever you want. BUT from a business perspective, you really want your first 3 deals to be on thesis AND they're deals that will get marked up ideally before your second close.

You can do whatever you want. BUT from a business perspective, you really want your first 3 deals to be on thesis AND they're deals that will get marked up ideally before your second close.

You control the schedule. So schedule them on a date where you feel comfortable pitching them, vs ASAP.

You control the schedule. So schedule them on a date where you feel comfortable pitching them, vs ASAP.

No. You do file a number of things when you start a fund with various government agencies, but these are not a license. 

No. You do file a number of things when you start a fund with various government agencies, but these are not a license. 

VC funds typically have a reporting system which will show this type of information to your LPs.

VC funds typically have a reporting system which will show this type of information to your LPs.

Yes you can. But, be clear with the founder that you're unable to predict the timing on your fund closing and don't make any promisses to invest or sign any term sheets until after you complete a closing.

Yes you can. But, be clear with the founder that you're unable to predict the timing on your fund closing and don't make any promisses to invest or sign any term sheets until after you complete a closing.

There are three ways to compensate Scouts:  1. With a thank you and reciprocation. 2. As a regular Venture Partner using the Venture Share agreement: https://govclab.com/2022/03/10/venture-share/ 3. Using a deal by deal structure that is...

There are three ways to compensate Scouts:  1. With a thank you and reciprocation. 2. As a regular Venture Partner using the Venture Share agreement: https://govclab.com/2022/03/10/venture-share/ 3. Using a deal by deal structure that is complicated (and it is also risky to do from a tax perspective) We recommend that most funds do #1 or #2.

You can’t move an SPV to a fund.

You can’t move an SPV to a fund.

Decile Group currently uses Sumsub: https://sumsub.com/

Decile Group currently uses Sumsub: https://sumsub.com/

Yes, this possible. You can make a company a VP if you would like.

Yes, this possible. You can make a company a VP if you would like.

Generally speaking, participants in VC Lab can say that they are participating in the program and even describe the experience. They cannot disclose their Thesis, nor discuss launching a fund.  See here for more assistance: https://gov...

Generally speaking, participants in VC Lab can say that they are participating in the program and even describe the experience. They cannot disclose their Thesis, nor discuss launching a fund.  See here for more assistance: https://govclab.com/2022/06/28/general-soliciation/

The ManCo entity should generally be registered at the same time as the Fund's other entities, using specific (and not generic) legal agreements. Trying to roll such an entity into the Fund's structure later on will slow things down, and...

The ManCo entity should generally be registered at the same time as the Fund's other entities, using specific (and not generic) legal agreements. Trying to roll such an entity into the Fund's structure later on will slow things down, and most likely it will be more efficient and cost effective to discard it (and set up a new entity) than to roll it in. TL:DR: It’s not efficient to do it this way. A Fund's entities should generally all be formed at the same time.