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1

Filter in the directory

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Community Member
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Mar 11, 2024

The directory has a significant flaw, that besides sorting it does not let you do anything. Many times I would like to understand which pipelines people are in, but it does not let me filter pipe pipeline or sort that field. A simple has value/has...

Top answer:

Thank you for sharing your feedback with us! We'll definitely keep it in mind for future updates to improve the directory. If you have any more suggestions or questions, feel free to reach out anytime.

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What is the typical share of the GP that people sell and how much will an investor typically pay for it?

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Community Member
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Mar 09, 2024

The topic of selling a stake in the fund's GP or ManCo to investors has come up several times in webinars and AMAs. This seems to be a way to for the partners to raise capital to support themselves during fundraising or finance their GP commitment...

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There is no standard amount or numbers. What you're referring to here is having someone invest in the GP entity. First, you need to set a valuation on the GP entity. A good place to start is by trying to pencil out the value of the carry...

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No. Instead, send LPs a PACT. The standard PACT has NDA language prebuilt into the legal template and it's designed for this purpose. Once they sign the PACT, you can disclose more information about the fund. 

 -  Mike Suprovici
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Tax treatment for LPs

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Community Member
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Mar 08, 2024

I have some LPs asking me if there are potential tax benefits to their LP investment. My gues is that there aren´t, but want to make sure

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Always avoid giving tax advice to your LPs. If you do, you incur enormous liability. Your answer should always be: "Please speak with your tax advisor." For your info only, there are usually tax benefits. But these are different dependi...

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How can I have an external user upload files to a dataroom

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Community Member
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Mar 08, 2024

How can I have an external user upload files to a dataroom? If this is not currently a feature it should be seriously considered for a near future enhancement. I've heard Adeo talk about the enhanced security of other Decile Hub features that rep...

Top answer:

Currently, external users cannot directly upload files to a Decile Hub data room. If you need an external user to contribute a file, they would need to send it to an internal user who could then upload it to the Data Room. However, your ...

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Why is recycling fees complex?

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Mar 07, 2024

Why is recycling fees complex? It seems like simple math in accounting. I asked Decile Base but got an uninformative answer: `Recycling fees in the context of venture capital refers to the process of reinvesting proceeds from the sale or exit of a...

Top answer:

There are two reasons: • It extends the fund life. If you are on Fund 1, you want Fund 1 to get done fast so you can move to Fund 2. • It’s hard to explain to LPs. It will take the pitch away from the thesis and to a discussion about the...

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Has anyone gone through the life cycle of a PFIC investment, from investment through to sale, with the reporting in between?

Asked by:
Community Member
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Mar 05, 2024

We are a VC fund considering making an investment in a PFIC and while I know there are reporting obligations during the investment period, what additional impacts are there from a tax standpoint around sale or divestment?  Should we expect to pay...

Top answer:

PFIC/CFC rules are complex and you may be required to distribute additional tax documentation to US investors, so you should reach out to your fund's tax provider to determine if your fund has any annual filing requirements. More info on...

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Broadly speaking, VC firms (and the funds they advise) must pursue a venture capital strategy and meet certain requirements in order to avoid registration with the SEC, under one or more "exemptions" to registration.  Registering with ...

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Submitting a fix recommendation

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Mar 01, 2024

In the deal emails management, you have the "1.b.2. Inbound inquiry added" template. By default it is set to send this email to the Pipeline Prospect, which is absolutely wrong. I changed it manually to "Account Owner", but before that it sent thi...

Top answer:

Update: The email template you're referencing was part of the previous iteration of the Deals pipeline. Thanks for raising the issue, apologies for the misconfiguration. This particular problem will no longer be an issue for newly create...

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What does each stage on the LP pipeline mean?

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Community Member
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Feb 29, 2024

What does each stage on the LP pipeline on decile hub mean?

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Stages in the LP pipeline represent the logical steps that a prospect (potential investor) follows along in the fundraising process. These stages can range from being added to the pipeline, through various communication steps, all the wa...

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Yes! Only the fees outlined in the engagement letter will be charged by Decile Group. Other fund expenses, such as Delaware annual renewals, tax filings, Form ADV amendments, or registered agent fees are examples of additional costs to c...

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Decile Group requires automatic debits for monthly or quarterly payments. If you are on an annual payment plan, you may elect to pay via a traditional invoice with a wire transfer.

 -  Nicholas Bird
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Where can I find benchmarks for TVPI, MOIC, and IRR?

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Community Member
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Feb 27, 2024

Helping a friend prepare their LP focused investment deck. Their team has a significant historical track record for investment

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The Total Value to Paid-In (TVPI) ratio serves as a critical benchmark in assessing the performance of venture capital (VC) funds, offering insights into the return on investment for Limited Partners (LPs). This ratio is categorized into...

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[VC Lab] Cohort 14 VIP Launch Mixer - Mar 05, 2024

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Community Member
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Feb 26, 2024

Have you applied, been accepted or enrolled in the current VC Lab Cohort? We are hosting an interactive forum where general partners from around the world can meet one another and celebrate joining the leading venture capital accelerator. We will ...

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Register for event here

 -  Zander Buteux
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[VC Lab] Cohort 14 Information Session - Feb 27, 2024

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Community Member
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Feb 26, 2024

VC Lab is hosting an exclusive event for managers applying for Cohort 14. Do you want to learn what our admission process looks like and get tips for a successful application to the world's leading venture capital accelerator program? We are const...

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Register for the event here

 -  Zander Buteux
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