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Are you asking us how to access your files in Decile Hub's File System? • If so: • Navigate to the "FILES" section in the left navigation. • Click on "All Folders." • You have two Custom Data Rooms/Folders in your Hub account, one ...

Are you asking us how to access your files in Decile Hub's File System? • If so: • Navigate to the "FILES" section in the left navigation. • Click on "All Folders." • You have two Custom Data Rooms/Folders in your Hub account, one is called "Unfiled" and the other is called "Data Room." • Click on them to access your files in that particular Data Room/Folder. Let us know if you have any further questions.

this question has already been answered, and is a great example of something that you should ask the AI (the field at the top of the screen) here is the previous answer Here is the answer from Decile Base AI “Management fees are the ...

this question has already been answered, and is a great example of something that you should ask the AI (the field at the top of the screen) here is the previous answer Here is the answer from Decile Base AI “Management fees are the annual charges that are allocated to the General Partner (GP) as a percentage of committed capital in a venture capital fund. These fees are typically used to cover operational costs such as legal and accounting fees, due diligence, and other expenses. The standard rate is usually around 2%, although this can vary. The fees are often structured on a sliding scale, starting higher during the active investment period and declining in later years. ” Here is an article we wrote on the topic over on govclab.com And here is another article on the management fee models

Generally speaking, SPVs (Special Purpose Vehicles) are investment entities (commonly LLCs) formed for the purpose of making a single investment into a single startup.  • For example, let's say a fund has received a follow-on opportunity...

Generally speaking, SPVs (Special Purpose Vehicles) are investment entities (commonly LLCs) formed for the purpose of making a single investment into a single startup.  • For example, let's say a fund has received a follow-on opportunity into a startup it previously invested into - however Fund A is not set up to do follow-on investments nor does it have the capital to do so.  • Fund A could set up an SPV and "syndicate" the follow-on opportunity, offering the SPV to its limited partners or others (depending on the circumstances). The SPV would collect the capital (after all legal setup and agreements have been completed) and then make the follow-on investment. SPVs are also sometimes set up when an investor has received an allocation into a hot deal, but they are not able to make the the full allocation by themselves. Note that not all startups/companies are willing to accept investments via SPV, so be sure to check. 

This is not a good approach and will cause 409a valuation issues for the founder. It's also incredibly difficult for them to explain this to future investors. Every investor in this round should come in on the same terms. Then, after the...

This is not a good approach and will cause 409a valuation issues for the founder. It's also incredibly difficult for them to explain this to future investors. Every investor in this round should come in on the same terms. Then, after they close, they can raise the cap for the next SAFE as they can justify this with more traction.

Venture Capital is a long-term investment. VERY long term. If a fund gets an early exit, say within a year of investment, it's likely to be a bad investment such as an aquihire. It's improbable that a great exit that can return a pre-see...

Venture Capital is a long-term investment. VERY long term. If a fund gets an early exit, say within a year of investment, it's likely to be a bad investment such as an aquihire. It's improbable that a great exit that can return a pre-seed or seed fund will take place in 365 days post-investment. The most likely scenario is that the investments that will generate venture-style returns will take 10+ years to exit. This is why sophisticated LPs are unable to diligence 'track record' until the GP is on Fund 3/4. This is because good exits that generate venture-style returns often take a decade to generate DPI back to the fund. With this context in mind, a fund has not been significantly de-risked when an LP joins the fund a year after the 1st close. Sure, maybe LPs that join later closes can diligence some of the deals that the fund has done, as well as their operations, which can help them do better DD. But, from a returns perspective, there is not that much difference. By trying to penalize LPs that come into later closings, you're effectively shooting yourself in the foot because it's the large and more risk-averse LPs that often choose to invest at that stage. By creating this unnecessary friction to appease small HNW LPs who came into the 1st close and don't have enough context to evaluate if this is fair or not, you're making it harder for the larger and more sophisticated LPs to invest. 

There is no typical split. But, in general, there should be one founder who owns a bit more that is the final tie-breaker. 

There is no typical split. But, in general, there should be one founder who owns a bit more that is the final tie-breaker. 

This is a known issue that we'll try to get fixed up soon. To add a tag ensure you hit the "Enter" or "Space" key after the tag and it should be successful. Here's a video explaining it further: https://www.loom.com/share/36d3f10d4b6942c...

This is a known issue that we'll try to get fixed up soon. To add a tag ensure you hit the "Enter" or "Space" key after the tag and it should be successful. Here's a video explaining it further: https://www.loom.com/share/36d3f10d4b6942c0b76d13deaad05550

Investing in Special Purpose Vehicles (SPVs) should generally be avoided due to several potential consequences: 1. Tax extension for LPs: If you proceed with an SPV investment, you'll likely need to request that your Limited Partners (L...

Investing in Special Purpose Vehicles (SPVs) should generally be avoided due to several potential consequences: 1. Tax extension for LPs: If you proceed with an SPV investment, you'll likely need to request that your Limited Partners (LPs) file an extension because the K-1s from the SPVs are likely to be delayed. 2. Non-qualified investment: Such investments are considered non-qualified, and they will count towards your 20%, potentially affecting your overall portfolio balance. 3. Creation of a Blocker: To mitigate potential risks of dividends flowing through to your LPs, it may be necessary to create a blocker entity. 4. Poor Reporting from Portfolio Companies (PortCo): Investing through SPVs might result in inferior reporting from the Portfolio Company, which can hinder decision-making and performance evaluation. 5. Limited Leverage during Transactions: Having investments structured via SPVs could result in reduced leverage during M&A transactions or secondaries, potentially impacting negotiation outcomes and overall investment strategy.

No, it doesn't work like this. Assume carry is 100%, irrespective of fund size. When you give carry to a VP, it's a % of 100%. So, if you decided to give a VP 5% it will be 5% of 100% of the carry. This has nothing to do with the fund si...

No, it doesn't work like this. Assume carry is 100%, irrespective of fund size. When you give carry to a VP, it's a % of 100%. So, if you decided to give a VP 5% it will be 5% of 100% of the carry. This has nothing to do with the fund size.  Also, the extreme example that you have above is unrealistic. It's common for funds to over-subscribe the target stated on the LPA, but it's not common for funds to over-subscribe by that much nor will LPs be ok with you doing this because it drastically changes their return profile.  So, in practice, it's normal for people to maybe over-subscribe by 50% - 200%, but not 500%.  In the event that you truly had that much more demand from LPs, you would close a Fund 1 and move the rest of the demand into Fund 2.

Currently, adding funds through the platform by yourself is not supported. Could you please share why you need to add a second fund? Understanding your specific needs will help us provide the best possible assistance. For example, if you...

Currently, adding funds through the platform by yourself is not supported. Could you please share why you need to add a second fund? Understanding your specific needs will help us provide the best possible assistance. For example, if you're looking to fundraise for an SPV, setting up an additional SPV pipeline under our Fundraising section might be a more efficient solution than creating a new fund. Please note, we generally recommend waiting until your first fund is fully closed before adding a second one. If a second fund is essential at this stage, we can assist in setting this up for you, ensuring it aligns correctly with your goals.

It's ok to encourage LPs and VPs to make introductions to LPs. There is no way to require any LP or VP to have one of their connections invest in the fund, however. 

It's ok to encourage LPs and VPs to make introductions to LPs. There is no way to require any LP or VP to have one of their connections invest in the fund, however. 

Most funds will request a 1 or 2-year extension at that point. Then, you may distribute the equity back to LPs or you may chose to liquidate in the secondary markets. 

Most funds will request a 1 or 2-year extension at that point. Then, you may distribute the equity back to LPs or you may chose to liquidate in the secondary markets. 

I'm sorry to hear that you're experiencing difficulties with the video feature on your PACT form. I've tested it in my own sandbox account, and it worked fine. Could you please confirm whether you followed these steps: navigate to Fundra...

I'm sorry to hear that you're experiencing difficulties with the video feature on your PACT form. I've tested it in my own sandbox account, and it worked fine. Could you please confirm whether you followed these steps: navigate to Fundraising, click on PACTs, then click on PACT Content, enter the Video URL (which has to be a YouTube URL) under PACT LANDING PAGE MEDIA, and finally click on "Save changes" in the bottom right-hand corner? This will help us troubleshoot the problem more effectively.

He can disclose that he is advising your new firm and the time commitment that he will dedicate.

He can disclose that he is advising your new firm and the time commitment that he will dedicate.