If the fund draws 3% management fees in the first year of a $5MM fund, the firm has $150k to spend on its functions and salary. What are the business expenses and how much should we expect to pay for these?
Accepted Answer
Jan 04, 2024
Some business expenses that are typically paid from management fees include: Laptops & Equipment, Salaries, LP Events, Software, Due Diligence and Travel.
Please review this article on fund expenses: https://govclab.com/2022/11/07/managing-fund-expenses-for-venture-capitalists/ Below is a summary.
Please review this article on fund expenses: https://govclab.com/2022/11/07/managing-fund-expenses-for-venture-capitalists/ Below is a summary.