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We are establishing a $3.8 million USD pre-seed fund for a university accelerator to support spinoffs, collaborating with donors in Montreal, Canada. Creating a fund based on donation money vs classic LPs, of course donors are not expecting returns except tax credits. We are also open to blended model that works with the fund formed by LP money and donationI money. If you have experience in this area I would love to hear from you.

What are the challenges in hindsight. Legal, tax and accounting concerns have been addressed. My concern is how to make closing the fund successful.

Top answer:

It's virtually impossible to blend both donations and investments into one fund. Even if it was possible, the legal, setup and maintenance will be cost prohibitive. The most efficient way forward is to create a VC Fund which accepts inve...

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brokerage accounts for VC funds

I recently had a portfolio company go public.  Would like recommendations on best places to hold the shares before distribution to LPs.  Do Etrade/Fidelity/Shwab etc allow VC funds to open accounts?

Top answer:

Yes, E*TRADE, Fidelity, and Schwab generally allow VC funds to open brokerage accounts to hold shares before distribution to LPs. However, it's advisable to check with each institution for specific requirements and services tailored to V...

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GP from india where you're registering your fund

Top answer:

UK is not a desirable domicile unless you're based in the UK and all your LPs are in the UK. Indian GPs that are based in India and plan to invest in local companies domicile in India. Alternatively, many also domicile in Delaware if the...

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What is a deal warehouse?

What is the legality behind it. How can we warehouse a deal which was not part of the current fund ?

Top answer:

A deal warehouse involves a prospective fund manager making an investment personally or through a wholly-owned entity before the venture capital fund is set up and reaches its first close. After the fund's first close, these investments ...

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An LP asked me: do non-U.S. citizens need to pay estate tax if they invest in a Delaware fund as an LP?

Top answer:

Non-U.S. citizens generally do not need to pay U.S. taxes on capital gains from a Delaware fund as an LP, as capital gains are not sourced to the U.S. and are not taxed there. However, they may need to pay taxes in their home country. Al...

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How to change drop down menu for registering guests for an event?

When a guest registers, they pick their category (e.g. Limited Partner, Venture Capitalist, Other).  How can we change the wording in these categories?  For instance, my fund is more private equity than venture capital.  While I love my VC brothers and sisters :-), I would like to change the Venture Capitalist category to something different....more general like VC/PE Fund Manager or something like that.  Thank you.

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Where do I find my signed LPA files?

Top answer:

1. left navigation click files 2. In the lower left of the page that loads is "Shared LP files" with your fund name nested below that 3. click that fund name 4. you will see folders with all your LP names 5. within each folder named for ...

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Q. Is the information of Limited Partners entered into Decilehub visible only to me, or do others have access to it as well?

As the information of Limited Partners can be sensitive, I am wondering whether only writer (and team) can check. 

Top answer:

This is a great question, and I understand your concern.  We have built Decile Hub to be entirely walled off between each of the accounts that have signed up.  What that means is the only people viewing your inserted data are the write...

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Namaste ! Request you to please review my thesis and share your feedback. Gratitude

ANANTA is launching a $5 MM seed fund in India to back Healthcare & Life Sciences companies, leveraging my experience of mentoring 20 startups, collectively raising $10 MM, and achieving 20% month-on-month growth.

Top answer:

Your thesis appears well-defined and focused. Here are some points to consider: 1. **Geographic Focus**: Concentrating on India can be advantageous due to the growing healthcare and life sciences sector and untapped opportunities. 2. **...

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