General

Hi @Woody Butler

, I am still getting emails on my old account for the VC lab. For example, the calendar invite below was sent to Deepak.gupta@bbv.io (cohort 3).  It should have come to Deepak@ucaifund.com (cohort 19).  Thanks.

Invitation: [VC Lab] Cohort 19 Intro Program Session @ Thu Sep 18, 2025 9am - 10am (PDT) (deepak.gupta@bbv.io)

Tax Implications of Multi-Jurisdictional Venture Studio Structure: US Start Fund + African Entities (mainly South Africa)

Question:
I'm planning to launch a venture studio with the following structure and would appreciate insights on potential tax implications:

Proposed Structure:
- Launch a Start Fund (Delaware LP) through Decile Group as the investment vehicle
- Register an operating company in South Africa to run studio operations
- Establish a South African holding company (HoldCo) 
- Primary investment focus: African start-ups, but mainly in South Africa

Key Questions:
1. What are the tax implications when the US Start Fund invests in South African companies and later exits?
2. How should the relationship between the Start Fund and South African entities be structured to optimize tax efficiency?
3. Are there specific treaty benefits or withholding tax considerations I should be aware of?
4. What's the best practice for profit repatriation from South African investments back to US LPs?
5. Should I consider any intermediate holding structures to minimize double taxation?

Context: The goal is to build and invest in African startups while providing US and international LPs access to this market through a professionally managed fund structure.

Has anyone navigated similar cross-border venture studio setups? What tax and legal advisors would you recommend for this type of structure?"

This phrasing shows you've thought through the structure while asking specific, actionable questions that the community can address based on their experience.

Event link has an error, is this because it's not published?

How can I Create or Update Funding Rounds via the API? 

In this article https://govclab.com/2023/11/21/vc-deal-warehousing/ the sentence: "This method should be avoided if you are early in the process of launching your fund." is repeated.

Hi  @Mike Suprovici

 . I need your advice with regards to how to spend my fund´s Management fees so as to report the most compelling strategy to our LPs. Can we have a quick talk? I´ve also got asked why Am I not investing more than 10% in my fund, being that I will get 10% of Management fees (which I intend to use in summits and other business producing events). I will appreciate your time.

Is there a problem with sidebar? it keeps collapsing all the time

Hi  @Kerri Leathers Izunagbara

CDG Environmental Advisors S.A. transferred their commitment weeks ago. Why is the money not showing?

how to add another gp to decile hub

Where can I enable Decile Assist?

Where can I find the template for the Venture Partner agreement?

How are unrealized gains reflected in the annual reports, and how do they impact LP distributions?

I see an option to provide a carry fee waiver at an LP level in Decile Hub. Under what circumstances is this used? Previous questions on Decile Base about waiving carry fees or reducing it had an answer saying that the GP should push back on such requests. So I am unsure when to use that field and why?

In the LPA, why are blockchain and cryptocurrencies considered “Prohibited Sectors”?

Guys, another really nice add would be under team permissions a carve out for Event planning. I feel that can be really handy when using 3rd party event planners and/or event partners (such another fund or so)

Hello everyone,

I am reaching out to see if anyone can recommend German lawyers who specialize in venture capital investments. I am planning to invest in two pre-seed startups in Berlin using my savings. However, once my VC fund is registered, I would like to transfer ownership of these investments from my name to the fund.

I am unsure how this process works under German investment law, so I would greatly appreciate any recommendations or insights you may have.

Thank you in advance for your help!

Best regards,

James 

Hey everyone! This channel is reserved for Decile Group to share important community announcements. Please avoid creating new posts here. Thanks for helping keep things organized! 😊