All Questions

You can’t really switch the thesis on a fund mid-stream. You could launch a fund 2 with a different thesis but not in the same fund.

You can’t really switch the thesis on a fund mid-stream. You could launch a fund 2 with a different thesis but not in the same fund.

It’s not solicitation because these are lps that have signed PACTs

It’s not solicitation because these are lps that have signed PACTs

VC insurance policies, usually called Venture Capital Asset Protection Insurance (VCAP for short), are not designed for emerging mangers with small fund sizes. As a result, they are mis-priced and are not affordable. Vouch does have an o...

VC insurance policies, usually called Venture Capital Asset Protection Insurance (VCAP for short), are not designed for emerging mangers with small fund sizes. As a result, they are mis-priced and are not affordable. Vouch does have an offering for VCs, but it's cost-prohibitive for new and emerging managers with fund sizes of less then $20 million.

Under 5% carried interest, which is under 5% of the 100% that represent the 20% carried interest. See this for more information: https://govclab.com/2022/03/10/venture-share/

Under 5% carried interest, which is under 5% of the 100% that represent the 20% carried interest. See this for more information: https://govclab.com/2022/03/10/venture-share/

We do not recommend recycling on a first fund. It is complicated to manage. It delays starting your second fund. It is hard to explain to inexperienced limited partners. If you want to recycle despite the warnings, then you can set an a...

We do not recommend recycling on a first fund. It is complicated to manage. It delays starting your second fund. It is hard to explain to inexperienced limited partners. If you want to recycle despite the warnings, then you can set an amount in the Cornerstone, correct.

Venture Funds are long term investment vehicles and their structure makes it very difficult/impossible for LPs to pull their money out unless there are liquidity events such as exits. This is because your capital is directly invested in ...

Venture Funds are long term investment vehicles and their structure makes it very difficult/impossible for LPs to pull their money out unless there are liquidity events such as exits. This is because your capital is directly invested in private companies and the allocation is realized when there is a liquidity event. That being said, if there are exits before, which is possible, you will get distributions right away.

Avoid name dropping LPs. This is a major mistake. Say: "We can not reveal the identities of our LPs without their explicit permission, and we would not do that with you either."

Avoid name dropping LPs. This is a major mistake. Say: "We can not reveal the identities of our LPs without their explicit permission, and we would not do that with you either."

GPs should dedicate 60 - 80% of their time fundraising until you close the fund.

GPs should dedicate 60 - 80% of their time fundraising until you close the fund.

Yeah, that’s market. However, our partner Spicer Jeffries will do much better. If you want an intro, ask Long That being said, you should avoid doing audit in Fund 1 It’s a small fund and it’s not justified.

Yeah, that’s market. However, our partner Spicer Jeffries will do much better. If you want an intro, ask Long That being said, you should avoid doing audit in Fund 1 It’s a small fund and it’s not justified.

A "no" is a "no." Take it and move on. LP's almost never tell you the true reason that they are passing...

A "no" is a "no." Take it and move on. LP's almost never tell you the true reason that they are passing...

Send them as little info as possible. The goal of the email is to get the meeting. You can’t close a deal over email. The more info you send - the more opportunities for the person to say no. If you know the LP well, just write a 2 sente...

Send them as little info as possible. The goal of the email is to get the meeting. You can’t close a deal over email. The more info you send - the more opportunities for the person to say no. If you know the LP well, just write a 2 sentence email to get them on a Zoom. If you don’t get a 2nd degree connector to send a  email for you which includes a few stats and maybe a teaser deck that has like 4 slides.

If you want to build an enduring venture firm, that yes, it is mandatory.

If you want to build an enduring venture firm, that yes, it is mandatory.

With respect to your thesis, you could say that you are in Switzerland and investing exclusively in Africa. The cross boarder deal structure refers to folks who say that they are investing in multiple regions.

With respect to your thesis, you could say that you are in Switzerland and investing exclusively in Africa. The cross boarder deal structure refers to folks who say that they are investing in multiple regions.

There is no ‘right’ way to diversify. 25 companies is a good starting point, but for some 50 may make more sense, while for others 20. At pre-seed, it’s super risky, so you need to make more bets.

There is no ‘right’ way to diversify. 25 companies is a good starting point, but for some 50 may make more sense, while for others 20. At pre-seed, it’s super risky, so you need to make more bets.

It will be the GP. Don’t do this until after you close.

It will be the GP. Don’t do this until after you close.

There is no issue with building up your network provided that you are not mentioning your fund while fund raising or soliciting in any manner that could be considered general solicitation.

There is no issue with building up your network provided that you are not mentioning your fund while fund raising or soliciting in any manner that could be considered general solicitation.

The Taylor Davidson Runway Budgeting Tool can help plan. As an investor, you're looking for this investment to bring the company to a significant milestone where next round investors will be motivated to invest. Investment usually takes ...

The Taylor Davidson Runway Budgeting Tool can help plan. As an investor, you're looking for this investment to bring the company to a significant milestone where next round investors will be motivated to invest. Investment usually takes longer than planned, so having next-round conversations earlier and lining up those investors is a key value of pre-seed/seed stage VCs.

Hey Yinka Adebiyi don’t engage.

Hey Yinka Adebiyi don’t engage.