All Questions

The Setup Checklist is seen on your Dashboard.  you can get here from three locations 1. Go to {{YOUR_SUBDOMAIN}}.decilehub.com/dashboard 2. At the bottom of the left nav is a link to "Dashboard" 3. In the green banner at the top, if yo...

The Setup Checklist is seen on your Dashboard.  you can get here from three locations 1. Go to {{YOUR_SUBDOMAIN}}.decilehub.com/dashboard 2. At the bottom of the left nav is a link to "Dashboard" 3. In the green banner at the top, if you still have steps to complete, you will see your progress, you can click this banner If you still have steps to complete for setup, the checklist will be at the top of your dashboard. For more information on setting up your Decile Hub Instance, you can also review this Base Question

1. Begin by clicking on your profile picture located in the top right-hand corner of the screen. 2. From the dropdown menu that appears, select "edit profile." 3. You will now see an open field labeled "Email Signature" where you can inp...

1. Begin by clicking on your profile picture located in the top right-hand corner of the screen. 2. From the dropdown menu that appears, select "edit profile." 3. You will now see an open field labeled "Email Signature" where you can input your desired email signature. 4. Once you've filled in your email signature, simply click on the green "Save changes" button.

Though there are "standard seed-stage valuation methods" (Comps, VC, Scorecard, Berkus) valuation at early stage (pre-revenue) is a bit more art than science, a balance between optimism and delusion and between strategy and tactics. Fact...

Though there are "standard seed-stage valuation methods" (Comps, VC, Scorecard, Berkus) valuation at early stage (pre-revenue) is a bit more art than science, a balance between optimism and delusion and between strategy and tactics. Factors include: • Team - their ability to build a company to execute • Target market(s) size(s) • Potential for the startup to dominate, create or disrupt the market for substantial revenue • Unique Value Proposition, and is it compelling to potential customers • What is the Go-To-Market strategy • What are the economics • A realistic understanding of the competitive landscape • What is the capital investment required to get to milestones:  Proof-Of-Concept, Minimum-Viable-Product, Product-Market-Fit • What is the technology and does it scale • What is the intellectual property • What are the risks • Exit potential

That's by design. You first select your interest level, then you sign the document. Work through the PACT workflow yourself because it's pretty straight forward. They can't sign without reading the document, which is the 2nd step. So, ju...

That's by design. You first select your interest level, then you sign the document. Work through the PACT workflow yourself because it's pretty straight forward. They can't sign without reading the document, which is the 2nd step. So, just respond with something like this in your own words: After you select your interest level, you will be promoted to view and sign the PACT agreement. 

0. Avoid working with broker dealers. They struggle to place LPs in emerging manager funds due to the risk and red tape. In addition, their fees are too expensive for emerging managers with small funds and because they are usually due on...

0. Avoid working with broker dealers. They struggle to place LPs in emerging manager funds due to the risk and red tape. In addition, their fees are too expensive for emerging managers with small funds and because they are usually due on placement, they rarely align with a fund's capital call schedule. 

Family Offices typically require a substantial diligence process. They want to ensure that your firm will be in business for a long time and has a major edge over the 100s of mangers they diligence every year. In general, Family Offices ...

Family Offices typically require a substantial diligence process. They want to ensure that your firm will be in business for a long time and has a major edge over the 100s of mangers they diligence every year. In general, Family Offices like to invest in VC funds for direct follow on and co-investment opportunities. Be prepared to answer a litany of sourcing related questions such as: What channels do you use to source besides traditional accelerator demo days? How do you win competitive deals? What is your process for narrowing opportunities? Note: they are trying to identify that you have logical approach that you can scale.  What signal do you communicate to the market after you invest in a company? What is your co-investment strategy/policy?  Then, be prepared to share a robust data room that includes the following: Presentation, Deal Memos, References, Research, Models, Bios and Legal Agreements.

Please review the Decile Partners quarterly report template guide

Please review the Decile Partners quarterly report template guide

You should not sign confidentiality agreements with startups. Ask Base: why VCs can not sign NDAs?  With regards to the Week 4 assignment, upload a memo for a startup that you don't have a confidentially agreement. If you don't have tha...

You should not sign confidentiality agreements with startups. Ask Base: why VCs can not sign NDAs?  With regards to the Week 4 assignment, upload a memo for a startup that you don't have a confidentially agreement. If you don't have that, then just build out a memo for test company. The whole point of this exercise is for you to tune the deal memo tool for your process. The output is helpful for you to test this. 

IRR takes into account contributions and distributions at the time of their recording; regardless of cash flow. Also, it takes into account any accrued income or expenses at the time of recording. When larger expenses are accrued, it can...

IRR takes into account contributions and distributions at the time of their recording; regardless of cash flow. Also, it takes into account any accrued income or expenses at the time of recording. When larger expenses are accrued, it can drag down the IRR in the short term and should gradually fix itself over time.

Limited Partners (LPs) are generally not issued units, shares, or any equivalents for their investment into a VC Fund - this is a common misconception. LPs simply own a percentage of the limited partnership's interests.  By design, the...

Limited Partners (LPs) are generally not issued units, shares, or any equivalents for their investment into a VC Fund - this is a common misconception. LPs simply own a percentage of the limited partnership's interests.  By design, the structure of VC Funds makes it very difficult for LPs to pull their money out until there are liquidity events (exits). This is because the capital is directly invested in private companies - money is returned to LPs usually when one of those companies undergoes a liquidity event (acquisition, IPO, etc.). 

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...

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 (assuming here that you are referring to general solicitation). For example, you can learn more about 506(c) here (for the USA): https://www.decilehub.com/base/17-fund-operations/1782-what-is-this-506-c-thing-i-keep-hearing-about-should-i-do-it Should you have additional questions regarding your specific domicile and circumstances, we strongly recommend that you consult an experienced attorney who can best advise you. Securities regulations are (depending on the jurisdiction) stringently enforced and can lead to sub-optimal consequences if violated. 

To make the PTET election an estimated payment must be made by June 15th of the tax year in question so if that was not done the first available option is for the 2024 tax year. Generally the PTET election is not recommended unless the t...

To make the PTET election an estimated payment must be made by June 15th of the tax year in question so if that was not done the first available option is for the 2024 tax year. Generally the PTET election is not recommended unless the tax savings would be material. Tax savings are computed by taking your expected taxable income multiplied by the CA PTE rate of 9.3% (your deduction) then multiplying this by the federal rate (37% is the max rate). Potential costs incurred to make the conversion to S corporation should be factored in to determine if the tax savings are worthwhile. 

Cold emails don't work and should be avoided. What you should do is to work to develop relationships with connectors that can introduce you to LPs first. You can, also attend events and host events as well to build your top of funnel.

Cold emails don't work and should be avoided. What you should do is to work to develop relationships with connectors that can introduce you to LPs first. You can, also attend events and host events as well to build your top of funnel.

Decile Partners is an integrated flat rate firm success offering that is purpose built for emerging managers. It is optimized to fix common issues with bespoke solutions by: • Access to ultra experienced senior operations team members en...

Decile Partners is an integrated flat rate firm success offering that is purpose built for emerging managers. It is optimized to fix common issues with bespoke solutions by: • Access to ultra experienced senior operations team members ensure that Partner firms are the safest emerging firms for Limited Partners • Providing fast support through one point of contact • Filtering manager requests to surface the ideal solution via the appropriate resource • Proactively monitoring Partner firms to prevent problems  • Eliminating common vague response (i.e. 'it depends on your LPA') • Preventing managers from being subject to the common finger pointing blame game between various vendors • Reducing operational mistakes, costs and time Decile Partners have selectively migrated a few top performing firms from law firms or fund admin vendors. However, the bar for admissions to Decile Partners is significantly higher then for new firms. In addition, it is important to note that it's common for us to identify significant vendor mistakes that were critical to be addressed which increase costs. It is also likely that the offering may more expensive because the integration of services is what enables us to provide a low cost flat rate offering that is optimized for the budgets of emerging managers with small funds.

The Decile Partners venture share is is 1% of the 20% carried interest. In other-words, assume that the fund's carried interest is 100%. The Partners venture share is 5% of 100% carried interest which equals 1% of 20%. This is in line wi...

The Decile Partners venture share is is 1% of the 20% carried interest. In other-words, assume that the fund's carried interest is 100%. The Partners venture share is 5% of 100% carried interest which equals 1% of 20%. This is in line with market rates for venture partner compensation which can be reviewed at this link: https://govclab.com/venture-share/. Decile Partners is purpose built to replace a suite of venture partners, consultants and team members that collectively will require a significant larger carried interest compensation. 

Decile Launch is a structured formation program to establish the venture capital firm and to close the fund. Then, the newly launched fund becomes a member of the Decile Partners Firm Success offering for deal reviews, legal operations, ...

Decile Launch is a structured formation program to establish the venture capital firm and to close the fund. Then, the newly launched fund becomes a member of the Decile Partners Firm Success offering for deal reviews, legal operations, fund accounting, real-time reporting, and strategic advisory support. The unified Decile Partners offerings are purpose built for emerging managers and they replace a suite of vendors and team members including fund formation, legal, back office, accounting, deal review associates and specialized venture partners via one single point of contact. Decile Partners has 94 Net Promoter Score is provided at a flat rate with no hidden fees. 

A Deal Memo is a document designed to capture the rationale of the manager for doing a specific deal. The Deal Memo is used to explain your investment decisions to limited partners and to help the manager look back and refine deal making...

A Deal Memo is a document designed to capture the rationale of the manager for doing a specific deal. The Deal Memo is used to explain your investment decisions to limited partners and to help the manager look back and refine deal making logic based on how the deals perform over time. Deal Memos are normally developed over the course of evaluating an investment opportunity, starting when then manager starts to take an opportunity seriously. Most of the activity around writing and developing a Deal Memo is completed during due diligence, and the final touches are placed after the deal is completed.