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1,195
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Can my first fund target both seed stage and pre seed stage

In the curriculum and talks, it was mentioned to target one stage only for first fund. However, when I ask the AI, it tells me that one can target both seed/pre-seed in first fund. Which advice should we follow? Also, upon looking at one of the websites of your alums, Geek Ventures, it seems they target both seed and pre seed. 

1

Conversion rate from chats with potential LPS in my fund

Adeo mentioned that if our thesis is strong, we can expect a ~20% conversion rate from the chats we have with potential LPs. But when Gabriel Jarrosson spoke about his experience during yesterday's webinar, he mentioned that one usually has to speak to hundreds, if not thousands, to close on a first fund. From your past cohorts overall, what is the distribution of this conversion rate (eg median, worst case scenario, best case scenario)? Thanks

Top answer:

Both of these comments are true. Your thesis is not working if 1 in 5 of your close network of LPs are not commitments. Once you move beyond 1st and 2nd degree connections, the ratios may go down.

 -  Mike Suprovici
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In Start Fund offering which has a different cost structure than if one would set up their fund on their own, what is the smallest check size to accept? 25k was mentioned in the Start Fund call as an example, but is there a specific threshold for minimum check size in Start Fund?

Top answer:

In general, irrespective of if you're using a start fund structure or a traditional one, your minimum LP ticket should be $100k. The lower the tickets, the more challenging the LPs are to deal with... Small LPs are often more work then b...

1

In the UK, do we need to ask potential LPs to self certify as a High Net Worth or Sophisticated Investor when we share a PACT? I.e Do we need to incorporate an investor self declaration as part of the PACT?

Top answer:

The PACT is a non-binding letter of intent and therefore you will not need to ask LPs to certify. That being said, you should avoid LPs that are not wealthy and meet the basic accreditation standards. Once you're ready to start a closing...

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Does decile hub gmail integration pull in emails that were sent via gmail?

I have decile hub integration into gmail. I see that i can send emails via decilehub. But it's unclear if decile hub is capturing emails that are sent to contacts when I send that email outside decilehub and instead natively through my linked gmail account. I have examples where the email is captured by decile hub and correctly linked to the contact. But in other situations it seems not to work. It definitely doesn't work if I send the email in Gmail first and then next add the contact into decilehub. Two questions. 1. What is the intended behavior here so I can understand? 2. Ideally, decilehub would use the gmail integration and would pull in all communication into the user record in decilehub regardless if the email was sent via decilehub or via gmail directly Thanks!

1

Does decile hub gmail integration pull in emails that were sent via gmail?

I have decile hub integration into gmail. I see that i can send emails via decilehub. But it's unclear if decile hub is capturing emails that are sent to contacts when I send that email outside decilehub and instead natively through my linked gmail account. I have examples where the email is captured by decile hub and correctly linked to the contact. But in other situations it seems not to work. It definitely doesn't work if I send the email in Gmail first and then next add the contact into decilehub. Two questions. 1. What is the intended behavior here so I can understand? 2. Ideally, decilehub would use the gmail integration and would pull in all communication into the user record in decilehub regardless if the email was sent via decilehub or via gmail directly Thanks1

1

create a Deal Sheet for each Warehouse deal in the Deals Pipeline in Decile Hub

I’m working on deal and in process to create a Deal Sheet for Warehouse Deal in the Deals Pipeline in Decile Hub, but I don’t see a "Deals Pipeline" in my account. Instead, I see something called Deal Flow—is that the same thing? Also, could anyone provide a step-by-step guide on how to properly create a warehouse deal and set up the Deal Sheet within Decile Hub? I want to make sure I’m following the correct process. Appreciate any help!

1

early exists in the fund should distribute proceeds or reinvest

When a fund exits an investment early, should the proceeds be distributed to LPs or reinvested into new or follow-on investments? How do you typically decide, considering fund lifecycle, LP expectations, and market conditions? Would love to hear your thoughts!

Top answer:

This is governed by your LPA. If your LPA has a recycling clause, the capital from early exits typically gets recycled into the fund and re-invested. Otherwise, the capital is re-distributed to LPs.

 -  Mike Suprovici
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For a higher fee, can Decile Group match LPs with GPs instantly rather than in months?

This question explores whether Decile Group offers a premium service that accelerates LP-GP matchmaking using AI, exclusive networks, or other tools. It would be useful to know if the higher fee provides priority access, real-time matching, or pre-vetted connections, and how "instantly" is defined (minutes, hours or days instead of months).