All Questions

@Brian Bell If you can send us the list at developers@decilegroup.com I can backfill these for you.

@Brian Bell If you can send us the list at developers@decilegroup.com I can backfill these for you.

Managers of emerging venture capital funds are typically exempted reporting advisers to their funds. They can loan money to the fund, but the loan must adhere to specific conditions outlined by the SEC under the Investment Advisers Act o...

Managers of emerging venture capital funds are typically exempted reporting advisers to their funds. They can loan money to the fund, but the loan must adhere to specific conditions outlined by the SEC under the Investment Advisers Act of 1940, particularly in relation to the venture capital fund exemption: • Loan Amount and Conditions: The venture capital fund can borrow, issue debt obligations, provide guarantees, or otherwise incur leverage up to 15% of the fund's aggregate capital contributions and uncalled committed capital. However, any such borrowing or leverage must be for a non-renewable term not exceeding 120 calendar days. This means that the total amount of leverage cannot exceed 15% of the fund's total capital (including uncalled commitments), and any loan or other form of leverage must be paid back within 120 days without the possibility of renewal.  • Venture Capital Strategy: The fund must represent to its investors that it pursues a venture capital strategy, which typically involves investing in early-stage companies with significant growth potential. • Non-Qualifying Investments: After any investment, at least 80% of the fund's assets must be qualifying investments (direct equity investments in operating companies), with no more than 20% in non-qualifying investments or short-term holdings, which would include the loan you're considering. These conditions ensure that the fund remains compliant with the venture capital fund exemption under the Advisers Act, avoiding the need for SEC registration as an investment adviser while still being subject to certain reporting requirements. 

Hi Catarina, right now, there's no ability to change pipeline headers or add summing functionalities. But, as you've seen, both the dealflow and investment pipeline types have these, so you might consider using one of those pipeline typ...

Hi Catarina, right now, there's no ability to change pipeline headers or add summing functionalities. But, as you've seen, both the dealflow and investment pipeline types have these, so you might consider using one of those pipeline types. (Also if you need us to remove any duplicate pipelines let us know and we can clean one of those up once you've decided the best way to manage this)

"Prohibited Sectors" are simply such industries, sectors of the economy, etc. that a Fund will not invest in. Some of these prohibitions are driven by regulatory and compliance matters, while others are a matter of strategic decisions ma...

"Prohibited Sectors" are simply such industries, sectors of the economy, etc. that a Fund will not invest in. Some of these prohibitions are driven by regulatory and compliance matters, while others are a matter of strategic decisions made by the fund managers, factoring in their track record, expertise, as well as the types of limited partners they wish to raise funds from.  Commonly, publicly traded securities are prohibited (because it's not venture capital), as well as alcohol, gambling, weapons and real estate. Crypto currencies are also commonly prohibited, as they introduce a tremendous amount of complexity into a fund's operations (accounting, legal, taxes, etc.). For more information, please query the AI Agreement Reviewer on the LPA.

The Maximum Portfolio Investment Percentage (typically set at 10%) is the maximum amount of the fund's total capital commitments that can be invested into any single portfolio company. This prevents the fund from concentrating too much r...

The Maximum Portfolio Investment Percentage (typically set at 10%) is the maximum amount of the fund's total capital commitments that can be invested into any single portfolio company. This prevents the fund from concentrating too much risk in any one investment.

Being an Exempt Reporting Adviser (ERA) is beneficial because it lets smaller investment managers or those only dealing with venture capital funds skip the heavy paperwork and rules that come with registering with the SEC. This makes run...

Being an Exempt Reporting Adviser (ERA) is beneficial because it lets smaller investment managers or those only dealing with venture capital funds skip the heavy paperwork and rules that come with registering with the SEC. This makes running the business easier and cheaper. But, to get this special status, if you're setting up a company like an LLC for this purpose, you will mostly likely need to fill out and submit a form called Form ADV to FINRA.   Here's what you need to know: Who Can Be an ERA: People or companies advising funds that either invest in venture capital only or manage less than $150 million in private fund money can opt for ERA status. This means they don't have to go through the full registration process if their business is small enough or focused on venture capital. What You Need to Do to Become an ERA: You must file Form ADV with the SEC within 60 days of starting to advise your first fund. You do this online through a system called IARD, run by FINRA. You'll need to give some basic info about yourself, your business, and anyone in control of your company.   Keeping Form ADV Up-to-Date: Once you're an ERA, you need to update this form every year within 90 days of the end of your business year. If something big changes, you need to update your form right away. What Happens If You Don't Do It Right: If you don't file on time or at all, you could face legal action from the SEC, which might lead to fines or orders to stop what you're doing. You could also lose your ERA status and be required to register fully, which means more rules to follow. Your reputation could be hurt, making it harder to get or keep clients. The SEC might also take other actions against you if they find out during checks or if someone complains. In Short:   To become an ERA, you most likely need to file Form ADV if you manage less than $150 million or just venture capital funds. It's important to do this correctly and on time to keep your status, avoid trouble, and stay on the right side of the law. Addendum:   For an individual adviser (or an adviser operating out of one LLC), the Form ADV must cover all investment vehicles, be they SPVs, venture capital funds, other forms of syndicates, etc.    *Should any questions arise, consultation with a securities or regulatory attorney is strong recommended. 

The largest check size you can accept should not allow any one LP to own 25% or greater of the fund, as this would give them control. If you oversubscribe, the largest check size can increase proportionally, but it should still remain be...

The largest check size you can accept should not allow any one LP to own 25% or greater of the fund, as this would give them control. If you oversubscribe, the largest check size can increase proportionally, but it should still remain below 25% of the total fund size to prevent any single LP from having control.

Update: Hub now allows you to rename or archive custom created pipelines. This functionality is currently only available for pipelines you create, not for default pipelines created by the system. To make changes to your pipeline, click o...

Update: Hub now allows you to rename or archive custom created pipelines. This functionality is currently only available for pipelines you create, not for default pipelines created by the system. To make changes to your pipeline, click on "Stages & Settings" in the left nav, and then click on the Settings tab.

0. There are various broker dealer laws that make compensation for money raised illegal, unless the person has the proper broker licenses. Please note that these type of arrangements often don't work and are usually a major waste of time.

0. There are various broker dealer laws that make compensation for money raised illegal, unless the person has the proper broker licenses. Please note that these type of arrangements often don't work and are usually a major waste of time.