All Questions

The active investment period of a fund starts when the fund is formed and closes.

The active investment period of a fund starts when the fund is formed and closes.

Exits, subsequent funding rounds and revenue growth are the best startup metrics for a Thesis in order.

Exits, subsequent funding rounds and revenue growth are the best startup metrics for a Thesis in order.

a. you do this in in the bios folder by including their CV which should highlight some of their achievements b. you redact the name of the companies

a. you do this in in the bios folder by including their CV which should highlight some of their achievements b. you redact the name of the companies

There are general solicitation issues, and the there are pitch control issue. First, your deck should never be sent without a document management system, like Decile Hub. From a general solicitation standpoint, this should not be done, t...

There are general solicitation issues, and the there are pitch control issue. First, your deck should never be sent without a document management system, like Decile Hub. From a general solicitation standpoint, this should not be done, technically. It’s better to send an exciting blurb about you and get a meeting first without mentioning the fund. From a pitch control standpoint, I have never seen a deck really help. It creates an easy way for the prospect to say no without meeting. It’s always better to get a meeting, build rapport, and then do the deck in a second meeting. Most larger family offices have investment processes that involve due diligence. Some take months. It’s important to meet with them to understand their process. *Don’t send the deck. Get the meeting.*

Usually Net because it’s designed to give the LP a sense of what the return on their capital will be.

Usually Net because it’s designed to give the LP a sense of what the return on their capital will be.

Angel deals are great if you can show the companies are growing. LPs don’t care much about the # of deals. It’s how successful you were with investing in those deals.

Angel deals are great if you can show the companies are growing. LPs don’t care much about the # of deals. It’s how successful you were with investing in those deals.

they are usually pretty similar

they are usually pretty similar

Yes, please review this article: https://govclab.com/venture-share-2/

Yes, please review this article: https://govclab.com/venture-share-2/

There has to be a contractural relationship for you to receive money. They either need to invest in the Limited Partnership or the General Partnership.

There has to be a contractural relationship for you to receive money. They either need to invest in the Limited Partnership or the General Partnership.

TL:DR - it's difficult, and we always recommend erring on the side of following regulations. Read the following: https://govclab.com/2022/06/28/general-solicitation/ Here are a few things that you should avoid mentioning just to be saf...

TL:DR - it's difficult, and we always recommend erring on the side of following regulations. Read the following: https://govclab.com/2022/06/28/general-solicitation/ Here are a few things that you should avoid mentioning just to be safe: • Your fund’s name, thesis or fund size, or the fact that you are raising a fund • Your fund’s strategy • Your one sentence pitch You may be able to carefully talk about:  • Your background • The types of companies/founders that you personally are interested in investing in and why • Market inefficiencies that you see

Please see the Venture Partner Agreement and the included footnotes on 409A. Class A shares are issued to managers and partners in the GP, and Class V are issued to investors in the GP. Venture Partners are traditionally issued Class A. ...

Please see the Venture Partner Agreement and the included footnotes on 409A. Class A shares are issued to managers and partners in the GP, and Class V are issued to investors in the GP. Venture Partners are traditionally issued Class A. The Shares are generally issued at the inception of the Fund for a nominal value per Share, though there can be many complicating factors to consider. 

cap adjusted projection

cap adjusted projection

As you accelerate your pitching you will use a PACT to collect interest. Then after you have $1m+ or more collected in PACTs, your law firm will help you incorporate all the entities and governing docs. Then you will send LPs an LPA to s...

As you accelerate your pitching you will use a PACT to collect interest. Then after you have $1m+ or more collected in PACTs, your law firm will help you incorporate all the entities and governing docs. Then you will send LPs an LPA to sign. 

You should try to build some rapport before you discuss the topic. Then, the questions should be something like this: 1. Do you invest in new mangers? 2. How many have in invested in last year?

You should try to build some rapport before you discuss the topic. Then, the questions should be something like this: 1. Do you invest in new mangers? 2. How many have in invested in last year?

There are none. Often you don't need to compensate the accelerator however. It's to their benefit if your fund invests in their companies

There are none. Often you don't need to compensate the accelerator however. It's to their benefit if your fund invests in their companies

It all depends on what is spelled out within the legal documents, but most times, management fees are calculated on committed capital.

It all depends on what is spelled out within the legal documents, but most times, management fees are calculated on committed capital.

Yes you can disclose the terms. It’s usually not good practice to mention co-investors unless you have permission.

Yes you can disclose the terms. It’s usually not good practice to mention co-investors unless you have permission.

You can not generally solicit interest from LPs and there are no “secret lists” that work. You need to use Connectors and mine your existing network to find LPs. If you are going to do an event, it needs to be a small private dinner or ...

You can not generally solicit interest from LPs and there are no “secret lists” that work. You need to use Connectors and mine your existing network to find LPs. If you are going to do an event, it needs to be a small private dinner or gathering where all invited are known and wealthy. Follow the guidance in the weekly find building Sprints, and you will meet and cultivate LPs.

You don't necessarily need an IC. If you want it, you can build it however it's up to you how you build it. Some have only the GPs. Others have an LP and others have a set of key individuals that are uniquely qualified to do well. That...

You don't necessarily need an IC. If you want it, you can build it however it's up to you how you build it. Some have only the GPs. Others have an LP and others have a set of key individuals that are uniquely qualified to do well. That being said, you don't need one, and it depends on your investment strategy and pace.