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Decile Group requires automatic debits for monthly or quarterly payments. If you are on an annual payment plan, you may elect to pay via a traditional invoice with a wire transfer.

Decile Group requires automatic debits for monthly or quarterly payments. If you are on an annual payment plan, you may elect to pay via a traditional invoice with a wire transfer.

The Total Value to Paid-In (TVPI) ratio serves as a critical benchmark in assessing the performance of venture capital (VC) funds, offering insights into the return on investment for Limited Partners (LPs). This ratio is categorized into...

The Total Value to Paid-In (TVPI) ratio serves as a critical benchmark in assessing the performance of venture capital (VC) funds, offering insights into the return on investment for Limited Partners (LPs). This ratio is categorized into different performance levels: great (TVPI above 4x), good (TVPI of 2.5x), medium (TVPI of 1.5x), and bad (TVPI below 1.5x). However, the interpretation of TVPI ratios is nuanced, influenced by factors such as fund size, which can range from $5 million to $250 million, the stage of investment from pre-seed to Series B, and vintage years that reflect the market conditions at the time of the fund's inception. For example, the internet bubble era saw TVPI ratios soaring to 4.5x, demonstrating exceptional returns, which contrasted sharply with the post-bubble period when ratios dwindled to 1.5x, indicating reduced investor returns and a downturn in fund performance. The benchmark for a top decile VC fund is a Distributed to Paid-In (DPI) ratio of 3x over a 10-year period, suggesting that for every dollar invested, LPs should expect a threefold return. This ideal metric underscores the long-term investment horizon and the high-return expectation associated with top-performing VC funds. However, accessing reliable benchmarks for assessing fund performance can be challenging, as only 24% of U.S. funds report their financial returns for the 2002-2021 vintage years, according to studies utilizing databases like Pitchbook and Preqin. This limited data disclosure may introduce selection bias, possibly skewing reported results towards higher-performing funds and not fully representing the broader industry performance. Given these complexities and potential biases, caution is advised when using benchmarks to evaluate VC fund performance, especially for first-time and smaller emerging managers who might find it even more challenging to compare against industry standards. The variability in fund size, investment stages, and economic cycles, coupled with the limited and possibly selective reporting of financial returns, complicates the assessment of VC fund performance. This highlights the importance of a nuanced understanding of TVPI ratios and the context-specific factors that influence them, ensuring a more informed and balanced approach to evaluating venture capital investments.

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Register for event here

Register for event here

Register for the event here

Register for the event here

This error may be due to an issue with the formatting or content of your CSV file. Try opening the file in Google Sheets and then downloading it as a CSV file again. This process can often resolve any hidden formatting issues. If the pro...

This error may be due to an issue with the formatting or content of your CSV file. Try opening the file in Google Sheets and then downloading it as a CSV file again. This process can often resolve any hidden formatting issues. If the problem persists, consider checking the file for any special characters or non-UTF-8 compliant characters, especially on line 57 as indicated by the error message.

We have migrated several firms on custom legal agreements to Decile Partners. However, the bar for admissions is significantly higher.  Due to the nature of migrations, the Decile Partners team will need to undergo thorough diligence of...

We have migrated several firms on custom legal agreements to Decile Partners. However, the bar for admissions is significantly higher.  Due to the nature of migrations, the Decile Partners team will need to undergo thorough diligence of your operations in addition to your application process prior to making an admissions decision. This is due to the fact that the Partners offering is optimized for Firm Success rather than for just servicing your fund.  Merging bespoke legal operations is significantly less efficient than the integrated Decile Partners offering which is optimized to help your firm be successful via one point of contact. Hence, if your firm is accepted into Decile Partners, it is likely that a custom proposal will need to be generated for the migration. 

Sprint 1 – OrientationFebruary 21st, 2024 – Introduce LPs to each other, familiarize them with the investment process, and grant access to necessary systems. Mentor: @Adeo Ressi February 23rd, 2024 – Working Group & Social Session Sprin...

Sprint 1 – OrientationFebruary 21st, 2024 – Introduce LPs to each other, familiarize them with the investment process, and grant access to necessary systems. Mentor: @Adeo Ressi February 23rd, 2024 – Working Group & Social Session Sprint 2 – Venture OverviewMarch 6th, 2024 – Educate LPs about the fundamentals of venture capital and the specifics of LP investing. Mentor: Barry Eggers (Co-Founder of Lightspeed Venture Partners) March 8th, 2024 – Working Group & Social Session Sprint 3 – Venture ScoutingMarch 13th, 2024 – Guide LPs in selecting interesting industries and learning to scout top venture capital firms. Mentor: Joshua Berkowitz (Managing Principal at Berkocorp) March 15th, 2024 – Working Group & Social Session Sprint 4 – Venture DiligenceMarch 20th, 2024 – Teach LPs how to conduct due diligence on venture capital firms and begin evaluating initial selections. Mentor: David Weisburd (Co-Founder of 10X Capital) + @Marko Hara  (Decile Capital) March 22nd, 2024 – Working Group & Social Session Sprint 5 – Venture ToolsApril 3rd, 2024 – Equip LPs with tools and certifications necessary for venture investing and continue due diligence. Mentor: Chris Douvos (Founder at AHOY Capital) and @Mike Suprovici  (Head of Acceleration at Decile Group) April 5th, 2024 – Working Group & Social Session Sprint 6 – Venture SelectionApril 10th, 2024 – Prepare LPs to make informed investment decisions in venture firms and review their investment logic. Mentor: @Marko Hara  (Decile Capital) and Youngrok Kim (GREE LP Fund) April 12th, 2024 – Working Group & Social Session Sprint 7 – Venture LegalApril 17th, 2024 – Educate LPs about key legal concepts in venture investing and review legal agreements. April 19th, 2024 – Working Group & Social Session Sprint 8 – Venture ClosingApril 24th, 2024 – Guide LPs through the process of closing an investment, understanding capital calls, and supporting managers. April 26th, 2024 – Working Group & Social Session

The LP Institute is an 8-week online program built to teach Limited Partners (LPs) the process of investing in top venture capital managers. The program focuses on sourcing, conducting due diligence, and successfully closing on at least ...

The LP Institute is an 8-week online program built to teach Limited Partners (LPs) the process of investing in top venture capital managers. The program focuses on sourcing, conducting due diligence, and successfully closing on at least one investment. This hands-on approach ensures that participants not only learn the theoretical aspects of venture capital but also apply this knowledge to an investment. LP Institute Overview LP Institute Benefits LP Institute Curriculum

PPMs are not common for small emerging manager funds. They are typically more common in very large funds >$50M. The legal cost is not often justified for small fund sizes. Small emerging firms typically do not manage enough money to wher...

PPMs are not common for small emerging manager funds. They are typically more common in very large funds >$50M. The legal cost is not often justified for small fund sizes. Small emerging firms typically do not manage enough money to where the legal exposure would justify it.

At the moment, Decile Hub doesn't feature a 'regret button,' but this might change in the future.

At the moment, Decile Hub doesn't feature a 'regret button,' but this might change in the future.

Most small funds can't have reserves. Reserves are viable around the $20m range. This is because, in many cases, just maintaining pro-rata in some of the winners can cost millions of dollars. So it's just not really viable for funds <$10...

Most small funds can't have reserves. Reserves are viable around the $20m range. This is because, in many cases, just maintaining pro-rata in some of the winners can cost millions of dollars. So it's just not really viable for funds <$10m and it's a sub-optimal strategy for Fund 1s. With Fund 1, you need to get it done, and move on to Fund 2 quick so that you're no longer a new manager. 

The Cayman Islands is an expensive and slow domicile, so it is not recommended to set up funds in the Caymans. A less expensive, less regulated, but also slow domicile is BVI, and Decile Partners can work to set a fund up there. Assume t...

The Cayman Islands is an expensive and slow domicile, so it is not recommended to set up funds in the Caymans. A less expensive, less regulated, but also slow domicile is BVI, and Decile Partners can work to set a fund up there. Assume that it will take four to six months to set up, and assume that you need a $10 MM or greater fund size to cover the various setup fees and annual fund administration expenses.

It's not that valuable from a sourcing or fundraising perspective. There is little benefit from being featured in CB Insights & PitchBook. They need your data for reporting reasons. 

It's not that valuable from a sourcing or fundraising perspective. There is little benefit from being featured in CB Insights & PitchBook. They need your data for reporting reasons. 

If by funding you're referring to SBIC investing in your fund, then the answer is no. However, it can be an option for your portfolio companies. 

If by funding you're referring to SBIC investing in your fund, then the answer is no. However, it can be an option for your portfolio companies. 

In this Loom instruction video Travis demonstrates, step-by-step, how to grant a pipeline prospect direct access to a specific data room folder, bypassing the default authentication process that typically requires logging in. He begins b...

In this Loom instruction video Travis demonstrates, step-by-step, how to grant a pipeline prospect direct access to a specific data room folder, bypassing the default authentication process that typically requires logging in. He begins by navigating through the left-side files section, explaining the conventional folder permission settings that usually necessitate user detail entry for access. Following this, Travis shows how to modify an email template in the "LP emails" section, incorporating a direct link to the data room. The process includes selecting an appropriate email template, adding a "Docs here:" prompt within the email body before the link, and saving the changes. Although this link defaults to the standard authentication method, it enables direct folder access when sent to a prospect through the customized email template. Travis wraps up by showing how sending a test email to yourself, then using the link from this email, allows you to enter the data room directly without encountering the login screen. This method effectively streamlines access for key contacts, demonstrating its utility.

Generally speaking, avoiding conflicts of interest when introducing LPs to a deal a Fund has passed on (and where such deal is not within the Fund's thesis), would be accomplished by following these best practices: • Set up the LPAC (thi...

Generally speaking, avoiding conflicts of interest when introducing LPs to a deal a Fund has passed on (and where such deal is not within the Fund's thesis), would be accomplished by following these best practices: • Set up the LPAC (this is a relatively easy process); • Ask LPAC to evaluate and confirm that the deal is not within the Fund's thesis and that deal is okay to send to LPs; • Send deal to all LPs simultaneously without making an investment recommendation; • Remind LPs to do their own due diligence; • Ensure the Fund does not participate directly or indirectly after passing on the deal. Clearly documenting all of these above steps is key.