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can i do crowd funding for a fund (ie. crypto fund - but doesn't have to be) anywhere in north america legally? anywhere in the world?

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Jan 17, 2024

without minimum investment limits and the requirement for accredited investors?

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Generally speaking, no - but it's complicated. Every country has it's own securities regulations regime (which may also interact with other countries' regimes), and nearly every one imposes restrictions, exemptions, etc. on crowd funding...

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Decile Group strongly recommends not accepting any investors who are not accredited investors into a Fund, even if it is technically and legally possible (depending on the jurisdiction and the Fund's legal agreements). Such investors are...

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I'm having lots of conversations to sign PACTs right now (early in VC Labs), what are best practices to ensure the LPs close when it's time? (or at least up the percentage after the pact is signed)

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Sep 29, 2023

Obviously if someone says yes to a non-binding agreement it's no sure thing of actual closing (i understand the series of yes mentality and agree it's a good strategy - so i'm in!) What are best practices to have them come through when it's time t...

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You should set the default percentage of the PACT at 75% if you're in a developed market and to 50% for emerging markets. The 'best practice' is to increase fundraising momentum. If you have momentum and an increasing number of investor...

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How do we verify someone is an accredited investor before we talk to the? Is it illegal to talk to them about joining the fund if they are not accredited? (thinking for people with high salaries specific that we think may qualify but aren't sure of)

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Sep 20, 2023

Looking for when to broach the topic of accreditation and how to bring it up in the conversation, this is for the closing of the PACT conversation.

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As a manager, you need to get to know every potential limited partner before you pitch them, including doing research to understand if they are accredited. At the ned of the day, you need to use your best judgement. This is governed by g...

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Strategies for attracting the right LP's

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Jul 22, 2023

What are markers of good fit for the fund you are developing? What would constitute red flags? 

Top answer:

Read VC Lab's Limited Partner guide: https://govclab.com/the-venture-capitalists-guide-to-limited-partners/

 -  Mike Suprovici
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Most effective way to find LPs

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Jul 22, 2023

Is there the most effective way to find LPs or it would be a combination of ways? For example, direct introductions, VC events, etc.

Top answer:

The most effective way of sourcing LPs is via 1st or 2nd degree connections in their network. 

 -  Mike Suprovici
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Attribution Letter Options

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Jun 23, 2023

Coming out of a CVC that invested on a balance sheet basis not a fund basis, what is a good example on getting an attribution letter? Some options I was thinking: • Letter stating that the investments on my deal sheet were led and executed by me •...

Top answer:

Attribution answers the question of how critical you were in making that specific investment that happen at the fund. For example - did you source the deal from external channels or were given the deal internally due to your particular d...