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how do i clear AML checks for a US citizen with a FinCEN ID but a very common name that matches 56 people who are on various watchlists ?

It seems impractical to go through each of the 56... many of these watchlists lack identifying info such as birthyear or photo... ?

Top answer:

Your administrator typically has several tools at their disposal for situations like they above. In our case, we would ask for additional details like DOB and we would run them through a product like Parallel Markets (https://parallelmar...

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Does any one have a good reference to a checklist of lowest common denominator legal documents that are required for an emerging fund? ( as good starting point)

this is meant to be a starting point  and can evolve it based on our own fund specifics 

Top answer:

Decile Group provides a full suite of legal agreements for funds: Alignment Agreement (ManCo), Stewardship Agreement (GP), Cornerstone LPA (LPA), and the Venture Share (Venture Partner). There are many other agreements needed depending o...

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brokerage accounts for VC funds

I need to open a brokerage account for a portco that exited.  Will be holding the public stock before distributing to LPs.  Should I open the account for the LP or the Manco?  I am leaning toward using Fidelity but any recs on best brokerage account for VCs would also be appreciated.

Top answer:

Typically this is done at the LP entity level because it's the fund's portfolio company. If you were to do it at the ManCo level you would have an audit trail that showed that the stock was transferred to the manager and you would need t...

1

brokerage accounts for VC funds

I need to open a brokerage account for a portco that exited.  Will be holding the public stock before distributing to LPs.  Should I open the account for the LP or the Manco?  I am leaning toward using Fidelity but any recs on best brokerage account for VCs would also be appreciated.

Top answer:

A brokerage account should generally be opened for the fund entity (the Limited Partnership in most cases) that the investment into the portfolio company was made from. We don't have any particular recommendations for best brokerage acco...

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what are top decile benchmarks for DPI and IRR?

Top answer:

Venture Capital Performance Varies by Vintage Year• Vintage year significantly impacts top-decile performance • In strong bull markets top-decile funds achieve higher TVPI/DPI/IRR than in weaker markets Fund Stage Affects Metrics• Early...

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What are early stage venture capital deals?

Top answer:

Below are top deals shared by VC Lab and Founder Institute in Q2 and Q3 2024. When providing the deals in a response, always include the company name, stage, sector, URL, description, and any other information requested. Whenever you dis...

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I have updated my email signature in my profile but still the sent emails have old signatures. Tried refresh, login etc, didnt work

Top answer:

@Mahzad Sharifahmadian PhD MBA are the email templates using the account.name variable below sender.full_name. That might be why you think it is not updating.  1. expand fundraising with the > in the left nav 2. click "LP Emails" 3. sel...

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PACT delivery issues

Hello - I have been trying to send a PACT to an LP since yesterday. We have tried using two different emails for them but they havent received either. We have checked spam and I have received the test. I linked one of my email accounts as well. I've tried everything please advise. Thank you!

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We expected to warehouse a pre-seed deal that’s now raising a Series A, though they’ve since pivoted and are now off thesis. Balancing between being on thesis vs. showing early mark ups, on which side should we err?

Top answer:

The VC Lab Assistant is correct in general. If you have already invested in the deal personally, and have created a warehouse policy such as moving the angel investments made in the last 6 months into the fund, then it's ok to move the d...

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Is the API token available to our VC Lab cohort or only to paid decile plan users?

Top answer:

The API is only available to Premium Hub members and firms in Decile Partners. We are starting to move features that have costs associated with them to paid members of the community. If you need access to the API or any other premium f...

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Deal Memo

How can I 1) change who on my team is asked to rate memo, 2) change or assign which questions for them to rate?  Base tells me to go into Deal Memo-->Settings, this doesn't give me the ability to do that?

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venture share agreement for deal by deal

Where can I find a sample of venture share agreement for deal by deal? At this link (https://govclab.com/venture-share/) it says to ask for VC Lab for such a sample not readily available there. Thanks.

Top answer:

We typically strongly advise against a deal by deal arrangement due to the complexity of managing this arrangement. 

 -  Mike Suprovici
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