Q1. How do we set the overall commitments for the fund (e.g. 10 million)

The overall commitments for a fund are typically set based on the fund's model and strategy, as well as the target number of investments and diversification goals. For example, a €10 million fund might aim for optimal diversification by investing in approximately 50 pre-seed companies or 25 seed companies. The fund's size should align with the fund's investment strategy and the expected number of portfolio companies to achieve the desired diversification and returns.