All Questions

The venture capital roles are: • Managing Partners • Partners • Venture Partners • Principals • Associates   • Analysts • Interns You can learn more about each role in this article: https://govclab.com/2021/10/28/venture-capital-roles/

The venture capital roles are: • Managing Partners • Partners • Venture Partners • Principals • Associates   • Analysts • Interns You can learn more about each role in this article: https://govclab.com/2021/10/28/venture-capital-roles/

The best approach is to use Decile Hub because it integrates the entire VC stack. Otherwise, you will need to cobble together 10+ different tools with a Zapier integration which is very sub-optimal if you're going to manage millions of d...

The best approach is to use Decile Hub because it integrates the entire VC stack. Otherwise, you will need to cobble together 10+ different tools with a Zapier integration which is very sub-optimal if you're going to manage millions of dollars. 

The new SEC rules will impact new managers. You can learn more about those rules here: https://govclab.com/2023/08/25/sec-private-fund-adviser-reforms/  In summary: • All side letters will need to be disclosed to other Limited Partners (...

The new SEC rules will impact new managers. You can learn more about those rules here: https://govclab.com/2023/08/25/sec-private-fund-adviser-reforms/  In summary: • All side letters will need to be disclosed to other Limited Partners (LP) • Information made available to one LP should be equally accessible to all LPs • The SEC now emphasizes that larger conflicts of interest should be approved by all Limited Partners, versus an Limited Partner Advisory Committee (LPAC). 

It's not prohibited for the partners to be in a different geography. However, in order to build an enduring VC firm, there must be a major tangible value-add provided by the different locations. 

It's not prohibited for the partners to be in a different geography. However, in order to build an enduring VC firm, there must be a major tangible value-add provided by the different locations. 

It is critical that founding partners have a long history of working together prior to starting a VC Firm. A VC Firm is a 15+ year endeavor and it's imperative that the founders have tested their relationship prior to this massive challe...

It is critical that founding partners have a long history of working together prior to starting a VC Firm. A VC Firm is a 15+ year endeavor and it's imperative that the founders have tested their relationship prior to this massive challenge. With respect to specialization, the skillsets of the partners should complement the thesis of the fund.

Venture Institute is not a prerequisite for VC Lab. The Venture Institute program is a program that's designed to help people break into the venture capital industry. VC Lab is a rigorous closing program that's optimized for new and emer...

Venture Institute is not a prerequisite for VC Lab. The Venture Institute program is a program that's designed to help people break into the venture capital industry. VC Lab is a rigorous closing program that's optimized for new and emerging managers to reach a first closing. 

You're not too old for the program. However, VC Firms are 15-20 year commitments and it's important for you to be realistic with the time comittment required in the coming years.

You're not too old for the program. However, VC Firms are 15-20 year commitments and it's important for you to be realistic with the time comittment required in the coming years.

Most people launching new firms have never worked in venture before, so you're in good company. A number of succesful Alumni had limited experience and succeed regardless. 

Most people launching new firms have never worked in venture before, so you're in good company. A number of succesful Alumni had limited experience and succeed regardless. 

The program has supported many individuals with a partner that has not participated in the program. However, be aware that the progress a partner makes in the program is much faster than partners not in the program. This predicament can ...

The program has supported many individuals with a partner that has not participated in the program. However, be aware that the progress a partner makes in the program is much faster than partners not in the program. This predicament can create a lot of tension because the enrolled partner has to explain and defend a variety of decisions that were learned during the accelerator.

The team does not need to be finalized to join a VC Lab cohort. The program covers best practices on team building and roles as part of the curriculum.

The team does not need to be finalized to join a VC Lab cohort. The program covers best practices on team building and roles as part of the curriculum.

The Limited Partner Agreement (LPA) governs if you can over-subscribe your fund target. Depending on the LPA, managers may need to consult with the Limited Partner Advisory Committee (LPAC) before taking this action. Over-subscribing a f...

The Limited Partner Agreement (LPA) governs if you can over-subscribe your fund target. Depending on the LPA, managers may need to consult with the Limited Partner Advisory Committee (LPAC) before taking this action. Over-subscribing a fund is typically a good practice as long as it doesn't have a major impact on the strategy.  

PACTs are designed to help managers secure hard circled commitments from Limited Partners. Donations can't be accepted into a VC fund and do not count as LP commitments. However, you can use the PACT upload feature in Hub to attach evide...

PACTs are designed to help managers secure hard circled commitments from Limited Partners. Donations can't be accepted into a VC fund and do not count as LP commitments. However, you can use the PACT upload feature in Hub to attach evidence that funds have been earmarked for investment by a limited partner.

The absolute minimum of a 1st closing needs to be $1m+ or 10% of the fund, whichever is larger. We strongly advise against closing on less then $1m because it will be very difficult to get the fund operational upon the first capital call...

The absolute minimum of a 1st closing needs to be $1m+ or 10% of the fund, whichever is larger. We strongly advise against closing on less then $1m because it will be very difficult to get the fund operational upon the first capital call which should be 25% or less.  If the manager were to do 25% capital call on $500k, this does not give the manager enough money to invest in enough companies, draw down management fees and pay organizational expenses.

Yes, they can join as long as it's within the 1st 2 weeks of the accelerator program. If they join after, it will be impossible for them to catch up. To enroll your partner, please email notice@decilegroup.com and the team will work to a...

Yes, they can join as long as it's within the 1st 2 weeks of the accelerator program. If they join after, it will be impossible for them to catch up. To enroll your partner, please email notice@decilegroup.com and the team will work to accomodate this request as long as it's within the first 4 weeks. The partner will need to fill in an application and share the Mensarius Oath publicly of ethical investing as well on LinkedIn and Twitter.

There are a number of succesful Alumni who successfully leveraged the accelerator to transition from angel investing to launching an enduring VC Firm. In fact, succesful angel investors are one of the most common Alumni archetypes. VC La...

There are a number of succesful Alumni who successfully leveraged the accelerator to transition from angel investing to launching an enduring VC Firm. In fact, succesful angel investors are one of the most common Alumni archetypes. VC Lab’s highly selective admissions process screens for entrepreneurs with a differentiated vision for a market, exceptional professional network, or a history of industry leadership. During the program, we hep managers navigate various common challenges experienced by angel investors launching firms such as managing conflicts of interest, developing a professional thesis based strategy and targeting the correct LP archetypes. 

No. There is no obligation to the Founder Institute upon graduation from the VC Lab program. 

No. There is no obligation to the Founder Institute upon graduation from the VC Lab program. 

Yes. VC Lab offers Decile Launch, an application only premium formation program with a 94 nps. We open admissions for Decile Launch to VC Lab participants at various points in the program.

Yes. VC Lab offers Decile Launch, an application only premium formation program with a 94 nps. We open admissions for Decile Launch to VC Lab participants at various points in the program.

During the VC Lab cohort we host a weekly mentoring session with active limited partners, succesful VC Lab alumni, managing partners of enduring VC firms. We also host fund operational experts that specialize in areas such as fund modeli...

During the VC Lab cohort we host a weekly mentoring session with active limited partners, succesful VC Lab alumni, managing partners of enduring VC firms. We also host fund operational experts that specialize in areas such as fund modeling, accounting, treasury and legal.

VC Lab is free.  We believe that it's necessary for the program to be free so that we can lower the barriers of entry to the asset class. The VC Lab accelerator is a product by Decile Group. Decile group also offers several application o...

VC Lab is free.  We believe that it's necessary for the program to be free so that we can lower the barriers of entry to the asset class. The VC Lab accelerator is a product by Decile Group. Decile group also offers several application only premium programs exclusively for top VC Lab participants: Decile Partners - Application-only program with a 94 NPS provides all of the business, legal, back office and deal review support to launch and scale an enduring VC firm without runaway costs and vendor headaches. Decile Capital - A family of funds to back new managers worldwide. Decile Capital Premier I, the flagship fund of funds dedicated to backing the top 5% of managers emerging from the VC Lab accelerator.

We typically host the sessions twice a week at 9am PDT. We record every session. We have had a number of Alumni in your time zone succeed and it's not a major impediment if you can't attend the sessions live. 

We typically host the sessions twice a week at 9am PDT. We record every session. We have had a number of Alumni in your time zone succeed and it's not a major impediment if you can't attend the sessions live.