If a fund has 2 GPs do they have to jointly contribute 1% of the fund or individually?
Is it OK to ask a Venture Partner to bring LPs with a commission fee?
Regarding team composition I have an agreement with two people that would join the fund if I raise above a specific amount. Should I include them? If so how can I communicate it in a clear value-adding way to potential investors?
There was some discussion on hurdle rates recently but what about net returns? For LPs that do not insist on hurdle rates (or even if they do) is it common to sign up to a net return multiple?
I have doubts with the analysis and content for the 'Returns slide'... do you mean the different type of returns we anticipate... something like 1/4 of the portfolio we will lose everything 1/4 we will lose 30% 1/4 we will make 2X and the other 1/4 will make 20X???? I know it should be more elaborate but is this what you mean?
Is it possible to have smaller capital calls for one or two LPs? Like 25% for everybody, but one guy needs to wait for liquidity so he wants to put in 15% on the first capital call?
Hey everyone I am reaching out to weak connections to fundraise. Any advice on how to word my message? Should I start with small talk initially or go to the point straight up? Any templates that you used would be appreciated!
Guys for the VC deck when declaring target returns shall we go for 3x or 5x? Also shall this refer to total AUMs or AUMs net of fees? 30% gross IRR over 7 years would lead to a gross multiple of 6x which net of 20% management fees would result in 5x. Sounds about right to me no?
When it comes to testing our thesis and asking for advice from confidants would you recommend these be people who are purely providing advice? Or could this be a way of engaging early on people who we think could either be LPs or Connectors and making them feel a part of the process?
What is that software that benchmarks term sheets?
Which growth stages usually a fund can start doing exits and how early is that possible if you are a startup studio in order to consider exiting ventures? Can it be as early as series A?
Our fund is domiciled in Sweden (Currency SEK). 75-85% of LPs are in Sweden. But 95-100% of investments are in USD. Should we just have the fund currency be SEK or does it make more sense to still do a USD fund?
What's the norm for venture partners helping with fundraising when it comes to the relationship with the LP? Are they expected to be the touchpoint with the LP (like an account owner in sales)? Or are they only providing the intro and then the GP handles the relationship? Probably case by case but what is your experience there?
Questions about attire: • Should I ask founders if fund X is investing in them? • Should I ask contacts at fund X if and and why they invest in company Y? What are the do's and don'ts?
Hello! Does anyone know what is the extra information that should be disclosed if an LP exceeds the 25% threshold of the fund size in commitments?
regarding this _'(Track Record) Examine your Track Record of Past Deals. First identify the top five Past Deals that you have either invested in or had a role in writing the name of the company and a few words describing the business. Next think back to exactly how you initially discovered each opportunity and write a sentence that describes how you sourced each Past Deal. Then quantify how each Past Deal will be attractive to Limited Partners by looking at how the company grew how the valuation increased or how much money was generated by the exit and write a sentence about how value was created at each Past Deal. Lastly reflect on how your actions increased the value created at each Past Deal and write a sentence on your Value Add for each business.'_ - if most of your deals have been through angellist syndicates which contain confidentiality rules that mean you can't name the businesses you've invested in through them plus one deal that you can name that was brought to you as part of an influencer SPV (e.g. given equity) how should you handle this?
As a part of reporting, do we (need to) 'expose' the entire deal flow (invested in or not) to LPs OR only the ones we have decided to invest in? Are there risks (such as them going direct) if we expose the entire deal flow to the LPs? How sensitive is this deal flow confidentiality topic to engage with LPs and VPs? Or it is pretty much an unwritten trust/relation? Are/do we cover some of these in LPA VPA?
Can the firm name be different from the fund name? for example the firm is _quadraScope_ but we're calling our fund _Q-fund_.
Is it okay to warehouse a deal if it fits the thesis well?
