All Questions

Generally speaking, fund expenses will be allocated from the capital called from the limited partners (there is no separate call in any way) - please read this for more information: https://govclab.com/2022/11/07/managing-fund-expenses...

Generally speaking, fund expenses will be allocated from the capital called from the limited partners (there is no separate call in any way) - please read this for more information: https://govclab.com/2022/11/07/managing-fund-expenses-for-venture-capitalists/

Management Fees are not related to the GP investment nor any Carried Interest paid to the GP.

Management Fees are not related to the GP investment nor any Carried Interest paid to the GP.

Adeo: The Organizational Fees are for setup and have a cap, and there annual Fund Expenses that are not capped right now. I am speaking to the lawyers about a cap.

Adeo: The Organizational Fees are for setup and have a cap, and there annual Fund Expenses that are not capped right now. I am speaking to the lawyers about a cap.

With respect to legal certification of investments in Psychedelics being fully legal is not realistic. First, you are in a grey area. Second, any law firm would charge A LOT of money to certify this, as they have liability. Third, it's k...

With respect to legal certification of investments in Psychedelics being fully legal is not realistic. First, you are in a grey area. Second, any law firm would charge A LOT of money to certify this, as they have liability. Third, it's kind of a ridiculous request given the nature of the fund. Laws change, so something legal now could be illegal tomorrow and vice versa.

This is driven by investment decisions, not by contractual language. I would not recommend including this unless explicitly asked.

This is driven by investment decisions, not by contractual language. I would not recommend including this unless explicitly asked.

It would be extremely unusual for a fund to provide buy-back or redemption provisions in an investment agreement.

It would be extremely unusual for a fund to provide buy-back or redemption provisions in an investment agreement.

This really depends on how many deals that you are going to be doing per year. If you assume 8 deals per year with $5K to $10K per deal, depending on complexity, plus random other needs, then you could be at $50K to $100K per year.

This really depends on how many deals that you are going to be doing per year. If you assume 8 deals per year with $5K to $10K per deal, depending on complexity, plus random other needs, then you could be at $50K to $100K per year.

Key man provisions are typical for fund that rely on the skill and expertise of particular key individuals.  The Cornerstone provides certain protections for investors relating to the key individuals.   For example, if all Key Individual...

Key man provisions are typical for fund that rely on the skill and expertise of particular key individuals.  The Cornerstone provides certain protections for investors relating to the key individuals.   For example, if all Key Individuals are Incapacitated, the Fund automatically enters Limited Operations Mode.

GPs will often raise the minimum LP ticket in subsequent closings. Therefore, one of the main benefits to join a 1st close is the lower minimum check size.

GPs will often raise the minimum LP ticket in subsequent closings. Therefore, one of the main benefits to join a 1st close is the lower minimum check size.

The minimum ticket for a 1st close should be no less then $100k. Then with subsequent closings this minimum should go up. However, rather then communicating what the minimum ticket is to LPs, GPs should mention what the maximum ticket is. 

The minimum ticket for a 1st close should be no less then $100k. Then with subsequent closings this minimum should go up. However, rather then communicating what the minimum ticket is to LPs, GPs should mention what the maximum ticket is. 

There are two types of Deal Warehouse companies for a fund: a Pipeline deal and a portfolio Investment. For the Pipeline deals, the manager creates a strong relationship with the CEO of a target company and works to align the closing da...

There are two types of Deal Warehouse companies for a fund: a Pipeline deal and a portfolio Investment. For the Pipeline deals, the manager creates a strong relationship with the CEO of a target company and works to align the closing date of the fund with the closing date of the round. It often takes longer to close the fund, so the manager asks the CEO to hold a position in the round after the round closes, which is ideal as it is closer in time to the next markup. These deals are shared with LPs by describing the business without sharing the company name.  For portfolio Investments, a manager personally makes an investment into the company and then transfers the investment at cost into the fund after closing. Ideally, the investment will be marked up before the transfer, and the manager gives the benefit of the markup to the incoming LPs. These investments are shared with LPs by providing the full details to get LPs excited by the opportunity to invest in the fund. 

All LPs should have the same terms, especially in Fund 1. Otherwise, you're introducing a major legal, operations and reporting burden while creating un-necessary fundraising risk due to the necessary disclosures to the other LPs.

All LPs should have the same terms, especially in Fund 1. Otherwise, you're introducing a major legal, operations and reporting burden while creating un-necessary fundraising risk due to the necessary disclosures to the other LPs.

Read this the VC Lab guide to LP archetypes. Institutional LPs are much more difficult to close as are LPs that don't know you, LPs that don't currently invest or believe in technology, LPs that are older than 65 as venture investing is ...

Read this the VC Lab guide to LP archetypes. Institutional LPs are much more difficult to close as are LPs that don't know you, LPs that don't currently invest or believe in technology, LPs that are older than 65 as venture investing is a long game, etc.

Decile Start customers enjoy benefits including but not limited to: • Private office hours • A private slack channel • Expert assistance with questions • Assistance with LP materials and interactions • Pitch optimization • General compli...

Decile Start customers enjoy benefits including but not limited to: • Private office hours • A private slack channel • Expert assistance with questions • Assistance with LP materials and interactions • Pitch optimization • General compliance guidance Please contact Mike Suprovici for more details. 

You can learn about Decile Capital here: https://decilegroup.com/decile-capital/

You can learn about Decile Capital here: https://decilegroup.com/decile-capital/

Please see think link to learn more about Decile Partners: https://govclab.com/2023/05/26/meet-decile-launch/

Please see think link to learn more about Decile Partners: https://govclab.com/2023/05/26/meet-decile-launch/

Please read this for more information regarding Decile Launch, including the cost: https://govclab.com/2023/05/26/meet-decile-launch/

Please read this for more information regarding Decile Launch, including the cost: https://govclab.com/2023/05/26/meet-decile-launch/

PACTs are a non-binding letters of intent signed by a qualified investors to indicate their desire to invest a specific amount of money into a venture capital fund. They are important because they help the fund manager see who is hard-ci...

PACTs are a non-binding letters of intent signed by a qualified investors to indicate their desire to invest a specific amount of money into a venture capital fund. They are important because they help the fund manager see who is hard-circled or serious about committing money to their fund. 

As of this date, Decile Start costs $10K. Please contact Mike Suprovici for more details. 

As of this date, Decile Start costs $10K. Please contact Mike Suprovici for more details.