Is the ManCo Registered as a C-Corp, GPs as LLC/LLP, and the Fund as LLC for Fund Formation?
For fund formation is the ManCo registered as C-corp the GPs collectively register as LLC/LLP and the Fund registered as LLC?
For fund formation is the ManCo registered as C-corp the GPs collectively register as LLC/LLP and the Fund registered as LLC?
How long do partners have to work on fund formation without being compensated? Is it possible to have a side job during this period? Can you pay yourself after the first capital call?
Solo GP issue: What are the different approaches folks have seen re: addressing questions about something happening to a GP that prevents them from working on the fund? This is both a due diligence matter and a legal/document question. (i.e. the proverbial what if you get hit by a bus planning?)
Does the Investment period starts on the day we invest in each su ? If we say 1 year (or 2 years) investment period: when does this year start? Beginning of fund life? Thanks
Are startups traction a viable metrics to add to the thesis? If yes what datasets are best to show? They are startups that I supported through accelerator programs.
Any tips for A. Positioning venture partner track records in data rooms and (relatedly) B. Articulating track records that include confidential deals? (I have a venture partner who does technical dev for a lot of well-known agtech co's but that work is largely confidential)
Had a call yesterday with a connector who offered to make referrals to a number of family offices he is currently working with. They are likely to be good quality/well targeted referrals. He asked me to send the fund slidedeck over so he could forward it to them. What should I do here? Just send the two page summary and hold the deck back. Or send the whole deck? Or a trimmed back version of it? It will be going to quite sophisticated potential LP's so I think maybe not a problem to send the whole thing? I can gate them with access to more detailed information (fund model deal memos data room etc) if things progress.
For returns and liquidity slides do fund managers usually include gross returns (after fees) or Net returns (after fees and 20% carry)?
Have you seen that the E-commerce industry is a lucrative investment in VC or do they not get to the multiples an investor is looking for?
Would showing angel deals done recently be helpful as part of a track record to share with LPs or not really since no traction will be visible in such a short span of time? And if yes would they also care about number or size of such deals?
How does carry and management fees defer between early stage funds and growth stage funds?
I understand the Venture Partners are given a share of the carry. Is there a guidance document reg the carry share and/or compensation for Venture Partners Principals Associates etc.
If we have a university want to put money towards the fund but they can't be an LP they just want to put money towards org expenses do they still sign a pact?
I host 2 podcasts where I have both listeners and guests who could be LPs and/or part of our deal pipeline. What's the best way to communicate my 'fund to be' without crossing any boundaries?
How do we value the GP carry upfront and the unit of shares? I see footnotes of 950000 class A and 50000 Class V shares in the Share Agreement for the GP earlier shared for us to engage Venture Partners?
What was the term used for SAFE Cap mark ups? A ‘cap mark up’?
I'm a first time fundraiser and I have some super basic questions: Is there a standard or basic term sheet for a LP? Is anyone who wants to invest considered an LP?
Is it appropriate - as a conversation starter e.g. at a conference in 1:1 conversation - to ask an LP (Corporate Corporate VC HNWI or Family office) what their investment focus is and if they only make direct investments or also invest in first time funds (without speaking about the fund thesis to avoid public solicitation)? If they ask us we can then lead the conversation over to what we work on?
Are there any best practices and/or industry standards on the relationship & retribution between a fund and its partnered accelerator - points of carried interest % of management fees especially?
Are management fees calculated on committed capital or on called capital? I'm calling 25%.