All Questions

We do not, however, I’m happy to share in our Alumni Slack channel for you. Send me your question and I’ll post it for you.

We do not, however, I’m happy to share in our Alumni Slack channel for you. Send me your question and I’ll post it for you.

1. Please DO NOT do this. It’s a 10+ year investment!!! 2. Yes, most of your 1st close will likely be HNWs/Angels

1. Please DO NOT do this. It’s a 10+ year investment!!! 2. Yes, most of your 1st close will likely be HNWs/Angels

It’s very difficult, if not downright impossible, to receive LP commitments via crypto. Your LPs will need to cash out and then make their LP commitments in fiat. 

It’s very difficult, if not downright impossible, to receive LP commitments via crypto. Your LPs will need to cash out and then make their LP commitments in fiat. 

0 - do not put in a hurdle!

0 - do not put in a hurdle!

This is basically an LOI developed by one of our Alumni who will join us on Wednesday’s webinar. 1. The SAFE that you can find online 2. No. But you will need to be pretty close to closing to use this strategy…

This is basically an LOI developed by one of our Alumni who will join us on Wednesday’s webinar. 1. The SAFE that you can find online 2. No. But you will need to be pretty close to closing to use this strategy…

yes it does

yes it does

Yes they can and this is very common. They can sign an LPA for a larger amount on closing. Happens all the time.

Yes they can and this is very common. They can sign an LPA for a larger amount on closing. Happens all the time.

It depends on your stage, strategy and model. Read this: https://govclab.com/2022/05/05/how-to-build-a-vc-fund-model/

It depends on your stage, strategy and model. Read this: https://govclab.com/2022/05/05/how-to-build-a-vc-fund-model/

Pulley is one of the best cap-table tools on the market: https://pulley.com/

Pulley is one of the best cap-table tools on the market: https://pulley.com/

Please review VC Lab's Venture Partner agreement template here: https://govclab.com/venture-share-2/

Please review VC Lab's Venture Partner agreement template here: https://govclab.com/venture-share-2/

1. Yes most LPAs have a carve out for formation 2. It really depends on your strategy. Either way you should consider showing 3 scenarios (high, medium, low)

1. Yes most LPAs have a carve out for formation 2. It really depends on your strategy. Either way you should consider showing 3 scenarios (high, medium, low)

No

No

Possibly yes - but be careful. A fund manager should avoid mentioning a fund or thesis until the fund has been fully raised and closed. https://govclab.com/2022/06/28/general-solicitation/

Possibly yes - but be careful. A fund manager should avoid mentioning a fund or thesis until the fund has been fully raised and closed. https://govclab.com/2022/06/28/general-solicitation/

This is for LPs, some of whom have investment committees with large institutional representatives on them, which are frequently accountants. I would avoid humor, as your deck will be shared with people like this.

This is for LPs, some of whom have investment committees with large institutional representatives on them, which are frequently accountants. I would avoid humor, as your deck will be shared with people like this.

I can only give you advice form the perspective of the fund. Based on your explanation above, it will be very difficult/impossible to move into the fund. Also, since it’s off-thesis, it’s likely that it may not help that much in fundrais...

I can only give you advice form the perspective of the fund. Based on your explanation above, it will be very difficult/impossible to move into the fund. Also, since it’s off-thesis, it’s likely that it may not help that much in fundraising.

The Venture Share agreement is for individuals, not companies.

The Venture Share agreement is for individuals, not companies.

your example is ok to warehouse

your example is ok to warehouse

This is a pretty bad outcome. This person is staring out of alignment with wanting special terms before they even committed to investing in you … as if those special terms are going to make that much of a difference. Run away. Reply back...

This is a pretty bad outcome. This person is staring out of alignment with wanting special terms before they even committed to investing in you … as if those special terms are going to make that much of a difference. Run away. Reply back: We’re a standard 2 & 20 fund and we will not give special terms because we want to keep everything easy and standard for Fund 1.

Generally speaking, no - if an LP commits $100K, then on the first close, whatever percentage the capital call is for (typically 20% or 25%) should be wired by the limited partner. For example, an LP that has committed $100K to the fund ...

Generally speaking, no - if an LP commits $100K, then on the first close, whatever percentage the capital call is for (typically 20% or 25%) should be wired by the limited partner. For example, an LP that has committed $100K to the fund receives a first close capital call notice for 20% of the LP's committed capital - so the LP wires $20K. The LP should generally not wire more than $20K, as this introduces additional accounting complexities - even if the LP were to so, the additional capital would not be able to be deployed. Decile Partners and VC Lab strongly recommend waiting until a fund has at least 10% of the target fund size committed to begin a first close - however this percentage is not the same as the capital call percentage. Please read the following regarding capital calls: https://govclab.com/2023/05/07/vc-capital-calls/

This will help: Venture Partners are part time people that can help with sourcing or fundraising

This will help: Venture Partners are part time people that can help with sourcing or fundraising