All Questions

Fund targets should be set based on the GPs ability raise capital, rather then by other external targets. The minimum fund size for a Delaware fund is $2.5m to justify the operational costs. In other domiciles, it's considerably higher d...

Fund targets should be set based on the GPs ability raise capital, rather then by other external targets. The minimum fund size for a Delaware fund is $2.5m to justify the operational costs. In other domiciles, it's considerably higher due to the operational cost.

I recommend that you don't reverse engineer like this. This is a trap that many emerging managers fall into. The managers that have done this who we have worked with regretted it when they came in severely under-subscribed because they s...

I recommend that you don't reverse engineer like this. This is a trap that many emerging managers fall into. The managers that have done this who we have worked with regretted it when they came in severely under-subscribed because they set a high target since LPs that gave them this objection. This objection is a No, not that if you had a bigger fund they would invest. We recommend that you set the target to what you can realistically close relatively easily in the next 18 months. First, asses the LPs in Fund 1. Typically ~70% often re-up in Fund 2s. Then, review the relationships you have built with other LPs over the years that you think have a realistic shot at closing. Let's say that after this exercise, you feel very comfortable reaching a $15m target. Consider then setting the target in the $15 - $20m range max. Then, if/when LPs of the archetype that you describe give you that objection, say something like this in your own words: "Our target is $[x], and we are confident that we will likely over subscribe. What is your process from here on out?"

To change the name of your Firm go to Settings > Firm Settings. To change the name of your Fund go to Settings > Firm Settings > Entity Management.

To change the name of your Firm go to Settings > Firm Settings. To change the name of your Fund go to Settings > Firm Settings > Entity Management.

Institutional LPs typically do not sign PACTs. They also rarely participate in Fund 1s and on 1st closings. Most are prevented by charter from investing in emerging managers and typically engage in Fund 2 and beyond. If you're going to a...

Institutional LPs typically do not sign PACTs. They also rarely participate in Fund 1s and on 1st closings. Most are prevented by charter from investing in emerging managers and typically engage in Fund 2 and beyond. If you're going to approach them, make sure they have a defined and focused strategy to invest in new and emerging managers.

You should avoid communicating a final closing date until you have enough signed LOIs from LPs to proceed, or your fundraising period is expiring as per the terms of your LPA.

You should avoid communicating a final closing date until you have enough signed LOIs from LPs to proceed, or your fundraising period is expiring as per the terms of your LPA.

TL'DR - Never. Anchor investors are no longer common for emerging managers, especially, in Fund 1s, and they are becoming obsolete in general. Anchors are a way of the past. In modern fundraising, emerging managers rarely have an anchor,...

TL'DR - Never. Anchor investors are no longer common for emerging managers, especially, in Fund 1s, and they are becoming obsolete in general. Anchors are a way of the past. In modern fundraising, emerging managers rarely have an anchor, especially in Fund 1.

Please review the Venture Share agreement and compensation model: https://govclab.com/venture-share/ IMPORTANT: It's critical that you avoid signing any agreements with venture partners until after you form the fund and complete a 1st c...

Please review the Venture Share agreement and compensation model: https://govclab.com/venture-share/ IMPORTANT: It's critical that you avoid signing any agreements with venture partners until after you form the fund and complete a 1st closing. 

The best CRM for LP outreach and management is Decile Hub. The Decile Hub platform is purpose built for VC firms. 

The best CRM for LP outreach and management is Decile Hub. The Decile Hub platform is purpose built for VC firms. 

It's 2% average over the life of the fund. Read this article: https://govclab.com/2023/06/21/venture-capital-management-fee-model/

It's 2% average over the life of the fund. Read this article: https://govclab.com/2023/06/21/venture-capital-management-fee-model/

Decile Hub integrates with Airtable via Zapier. Go to API in the Settings menu to activate this integration.

Decile Hub integrates with Airtable via Zapier. Go to API in the Settings menu to activate this integration.

@Ron Ondechek Jr We removed the + button because it was not being used frequently enough to keep it active. 

@Ron Ondechek Jr We removed the + button because it was not being used frequently enough to keep it active. 

TL'DR - no, unless it's specified in your fund's valuation policy. Markups are recorded based on your adopted valuation policy. Most VC valuation policies, including Decile Group's, work as follows: SAFEs & Convertible Notes - Keep inv...

TL'DR - no, unless it's specified in your fund's valuation policy. Markups are recorded based on your adopted valuation policy. Most VC valuation policies, including Decile Group's, work as follows: SAFEs & Convertible Notes - Keep investments marked at cost Priced Rounds - Realize a markup Since most Decile Partners are pre-seed and seed, we have developed a cap-adjusted projection to help managers show LPs that the investments are in fact getting more valuable.  The issue with non-dilutive funding is that it doesn't come in the form of an investment and it does not set a new valuation when the funding is received by the company. As a result, the vast majority of valuation policies in VC, especially for early-stage funds, don't count inputs from such financings. 

Startup companies can submit information directly into your Dealflow pipeline using an Investment Inquiry Form that you can customize to collect any kind of information, such as a pitch deck. You can access and edit the Investment Inquir...

Startup companies can submit information directly into your Dealflow pipeline using an Investment Inquiry Form that you can customize to collect any kind of information, such as a pitch deck. You can access and edit the Investment Inquiry Form for Dealflow submissions under Dealflow / Deals / Deal funnel in the Left Nav. The link to share the form with startups is available on this page.

VC Lab participants have three packages based on the level of help and guidance desired. The basic Program is free. For group office hours and more hands on support, there is a Plus package. For one-on-one guidance, including a private c...

VC Lab participants have three packages based on the level of help and guidance desired. The basic Program is free. For group office hours and more hands on support, there is a Plus package. For one-on-one guidance, including a private communication channel and weekly meetings, there is the Platinum package. The strongest managers coming out of the program have nearly all done the Platinum package, as it provides hands-on assistance with every aspect of launching and building a world-class fund. BasicEssential training and community to quickly close a fund COST: FREE • Weekly curriculum and mentoring to accelerate fund closing • Global peer community and collaborative working groups • Basic access to VC operations platform and resources For all Founders, General Partners, and Managing Partners in a Firm PlusExtended support and guidance for accelerated fund closing COST: $3,000 Post Start / $2,500 Pre Program Start • Enhanced platform access and regular group office hours • Dedicated support channels for program and operations • Diligence support and presentation assistance for LPs For Firm’s Leadership, Venture Partners, and/or Senior Team Members PlatinumOne-on-one support and hands-on assistance for firm success COST: $6,000  Post Start / $5,000 Pre Program Start  • Private expert channel and one-on-one office hours • Comprehensive fundraising support and closing planning • Deal review services and free associate assistance For Firm’s Leadership, Venture Partners, and/or Senior Team Members   Payments are made by one team member for each member of the firm, and the cost is an Organizational Expense, which will be reimbursed by the fund when the fund is formally established. 

@Grant Rogers If you scroll down on event settings you will see a section named Email Templates.  The first template here is the invite itself which you should customize to your own tone of voice.  Within this template is a green variabl...

@Grant Rogers If you scroll down on event settings you will see a section named Email Templates.  The first template here is the invite itself which you should customize to your own tone of voice.  Within this template is a green variable called "prospect.networking_event_url".  This is a personalized URL for registration by the recipient of that email. This is required to stay as the variable otherwise it can cause some complications with managing the registration list and controlling those invited if it is a private event.  When you have these details setup you can populate the guestlist.  You can do this through a few methods 1. Clicking the Event Details tab of a draft event will show you a box for GUESTLIST with a button for add a guest. this will add prospects one by one 2. Clicking the Event Attendees tab of an event will open the event pipeline for guest management, you can add a prospect one by one or through importing a csv as you would in your fundraising pipeline 3. You can go to any other pipeline or your directory and bulk select (clicking the checkbox next to each name desired to be invited) then copy them all in bulk to the event pipeline. When you bulk select a green banner shows at the top, clicking the Copy To link will open a box to select the target pipeline. Select the event you created and select guestlist - NOT YET INVITED as the stage. et voila you have populated the guestlist.  Now that you have: - the event set up with event details - the emails are set up in your voice - determined if you want the invited stage to automatically send out reminder and last call emails - the guestlist populated You will click the green button "Publish Event & Send Invites" What this button will accomplish is two things: 1. you will switch your event from draft to live allowing registrations to flow in 2. you will send out the event invite to all prospects in your guestlist When someone registers, they will then be moved to the "RSVP - Yes" stage and a registration confirmation email will be automatically sent to the registrant.  While the event is live and upcoming, if you would like to invite more, all you need to do is add the prospect(s) to the invited stage and the invite will again be automatically sent out.  Feel free to ask any other questions on this system. Congratulations on getting your first event set up!