All Questions

The decision of what domicile to set up (register) a venture capital fund in can be complex, especially if a fund manager resides in a different jurisdiction. While many fund managers ultimately decide to set up a Delaware fund, there ar...

The decision of what domicile to set up (register) a venture capital fund in can be complex, especially if a fund manager resides in a different jurisdiction. While many fund managers ultimately decide to set up a Delaware fund, there are many factors to take into account with respect to this question, such as: • Regulations regarding soliciting limited partners to invest in the fund (both in the fund's domicile and in the fund manager's resident domicile); • Taxes, especially cross borders ones (including personal); • Cost of administrative, tax, legal, accounting, and regulatory burdens across borders (which may double or more); • A domicile's suitability for venture capital in general, including the industries or sectors a fund manager desires to invest in; • Etc. It's important to carefully evaluate all factors before doing any entity setup. While we aren't able to go into any specific details regarding running a UK registered Fund while residing in Canada, in our general experience, this may be...quite expensive and burdensome, regulatory-wise as well as tax-wise. 

VCs typically set predefined IRR and TVPI targets for the whole fund rather than for individual deals. These targets help guide the overall investment strategy and performance expectations for the fund. Individual deals are assessed base...

VCs typically set predefined IRR and TVPI targets for the whole fund rather than for individual deals. These targets help guide the overall investment strategy and performance expectations for the fund. Individual deals are assessed based on their potential to contribute to achieving these overall fund targets.

In certain situations, a fund may require some or all incoming LPs fill out and sign an Israeli tax representation letter. Contributing factors could involve: • The fund manager residing in Israel; • At least some if not all of the LPs r...

In certain situations, a fund may require some or all incoming LPs fill out and sign an Israeli tax representation letter. Contributing factors could involve: • The fund manager residing in Israel; • At least some if not all of the LPs residing in Israel; • The fund having one or more entities domiciled in Israel. There is often a lot of complexity at play, and the Israeli regulatory authorities are usually involved - please consult qualified and experienced Israeli  (tax) counsel to determine if this is applicable to your specific set of circumstances. 

Kanban was our most highly requested feature, particularly for dealflow funnels/pipelines. A kanban view has the same features as a regular view, it's just a different visualization. This can be helpful for something like later stages of...

Kanban was our most highly requested feature, particularly for dealflow funnels/pipelines. A kanban view has the same features as a regular view, it's just a different visualization. This can be helpful for something like later stages of dealflow or fundraising where there are fewer prospects, and you'd like a visual representation of those prospects, since they each get a large card, rather than just a row.

The management fees are paid for by LPs from committed capital. In other words, the closed capital covers investments, management fees and fund expenses.

The management fees are paid for by LPs from committed capital. In other words, the closed capital covers investments, management fees and fund expenses.

How does termination work with a Start Fund?The Start Fund Investment Lead Agreement can be terminated in one of two ways. First, the Investment Lead may decide to move the limited partner (LP) under a general partner (GP) or management ...

How does termination work with a Start Fund?The Start Fund Investment Lead Agreement can be terminated in one of two ways. First, the Investment Lead may decide to move the limited partner (LP) under a general partner (GP) or management company (ManCo) and terminate the Start Fund for a larger engagement with Decile Partners for support. Second, Decile Group may terminate the agreement if the Investment Lead fails to fulfill responsibilities, including fundraising, investing, and managing the portfolio. What constitutes "Failure to fulfill Investment Lead Responsibilities" in a Start Fund?The Investment Lead Agreement lists the responsibilities of the Investment Lead, including (i) raising capital; (ii) research and consulting relating to the deployment of capital; (iii) updating portfolio valuations; and (iv) assisting with distributions. If the Investment Lead fails in these core activities, they will be notified and given 45 days to resolve the situation amicably. What is considered a "material breach that cannot be reasonably remedied" in a Start Fund?Material breaches are breaches that impact the Start Fund or Decile Group in a significant manner. Examples include reputational damage, violations of securities laws, misappropriation of fund assets, or other violations of fiduciary duty. A material breach may lead to the immediate termination of the agreement without the time to cure of 45 days. How does the 45-day cure period process work in a Start Fund?If a breach is identified, Decile Group will notify the Investment Lead in writing and the Investment Lead will have 45 days to remedy the breach. Decile Group will check in with the Investment Lead to validate that the breach has been resolved. To cure the breach, the Investment Lead may resume fulfilling responsibilities, increase time dedication, or fix any identified issues. At the end of the 45 days, if the breach is cured, then everything will return to normal, and, if the breach is not cured, then the agreement may be terminated. If the Investment Lead is terminated, how are existing LPs and portfolio companies handled?If the Investment Lead is terminated or ceases to perform investment activities, Decile Group will return unused capital to the limited partners less the expected amount of remaining fees. The existing Start Fund portfolio, if any, will be managed by Decile Group until all portfolio companies exit or until the end of the fund's life. If terminated as the Investment Lead, how are ongoing management fees and future carried interest handled?Upon termination of Investment Lead, General Partner shall be entitled to receive Investment Lead’s future Management Fees and Carried Interest in the Fund in an amount to compensate General Partner in filling the role of Investment Lead and to cover any expenses of General Partner or ManCo due to such breach, each as determined by General Partner in good faith. This is forward-looking only (future fees/carry) and does not affect already-earned fees or carried interest. Decile Group has discretion in determining compensation amounts to be fair.  What is the dispute resolution process with a Start Fund?Parties with a dispute will first attempt to resolve the dispute through direct discussions, followed by mediation if necessary. If the dispute continues following mediation, the dispute will be adjudicated through the Delaware courts.

We recommend that you apply to VC Lab: https://govclab.com/apply/ The program will walk you through step by step with how to go about closing a fund. The majority of Institutional LPs are prevented by charter from investing in new manage...

We recommend that you apply to VC Lab: https://govclab.com/apply/ The program will walk you through step by step with how to go about closing a fund. The majority of Institutional LPs are prevented by charter from investing in new managers. 

No. iOS Chrome doesn't allow extensions on any of their devices.

No. iOS Chrome doesn't allow extensions on any of their devices.