All Questions

You can do whatever you want. BUT from a business perspective, you really want your first 3 deals to be on thesis AND they're deals that will get marked up ideally before your second close.

You can do whatever you want. BUT from a business perspective, you really want your first 3 deals to be on thesis AND they're deals that will get marked up ideally before your second close.

You control the schedule. So schedule them on a date where you feel comfortable pitching them, vs ASAP.

You control the schedule. So schedule them on a date where you feel comfortable pitching them, vs ASAP.

No. You do file a number of things when you start a fund with various government agencies, but these are not a license. 

No. You do file a number of things when you start a fund with various government agencies, but these are not a license. 

VC funds typically have a reporting system which will show this type of information to your LPs.

VC funds typically have a reporting system which will show this type of information to your LPs.

Yes you can. But, be clear with the founder that you're unable to predict the timing on your fund closing and don't make any promisses to invest or sign any term sheets until after you complete a closing.

Yes you can. But, be clear with the founder that you're unable to predict the timing on your fund closing and don't make any promisses to invest or sign any term sheets until after you complete a closing.

There are three ways to compensate Scouts:  1. With a thank you and reciprocation. 2. As a regular Venture Partner using the Venture Share agreement: https://govclab.com/2022/03/10/venture-share/ 3. Using a deal by deal structure that is...

There are three ways to compensate Scouts:  1. With a thank you and reciprocation. 2. As a regular Venture Partner using the Venture Share agreement: https://govclab.com/2022/03/10/venture-share/ 3. Using a deal by deal structure that is complicated (and it is also risky to do from a tax perspective) We recommend that most funds do #1 or #2.

You can’t move an SPV to a fund.

You can’t move an SPV to a fund.

Decile Group currently uses Sumsub: https://sumsub.com/

Decile Group currently uses Sumsub: https://sumsub.com/

Yes, this possible. You can make a company a VP if you would like.

Yes, this possible. You can make a company a VP if you would like.

Generally speaking, participants in VC Lab can say that they are participating in the program and even describe the experience. They cannot disclose their Thesis, nor discuss launching a fund.  See here for more assistance: https://gov...

Generally speaking, participants in VC Lab can say that they are participating in the program and even describe the experience. They cannot disclose their Thesis, nor discuss launching a fund.  See here for more assistance: https://govclab.com/2022/06/28/general-soliciation/

The ManCo entity should generally be registered at the same time as the Fund's other entities, using specific (and not generic) legal agreements. Trying to roll such an entity into the Fund's structure later on will slow things down, and...

The ManCo entity should generally be registered at the same time as the Fund's other entities, using specific (and not generic) legal agreements. Trying to roll such an entity into the Fund's structure later on will slow things down, and most likely it will be more efficient and cost effective to discard it (and set up a new entity) than to roll it in. TL:DR: It’s not efficient to do it this way. A Fund's entities should generally all be formed at the same time.

You can learn about fund expenses here: https://govclab.com/2022/11/07/managing-fund-expenses-for-venture-capitalists/

You can learn about fund expenses here: https://govclab.com/2022/11/07/managing-fund-expenses-for-venture-capitalists/

The vast majority of new managers are closing with 506b funds. How do we know? VC Lab will accelerate ~60% of funds in 2022, and a small handful are 506c. I would say less than half of the other 40% are 506c, mostly with AngelList, so t...

The vast majority of new managers are closing with 506b funds. How do we know? VC Lab will accelerate ~60% of funds in 2022, and a small handful are 506c. I would say less than half of the other 40% are 506c, mostly with AngelList, so the total would be about 20 to 22% are 506c.

SPV's count for previous activity if they are related to your Thesis. The are similar to making angel investments. However, they do not have any impact on your track record being a fund manager, as SPVs are viewed as slightly more compli...

SPV's count for previous activity if they are related to your Thesis. The are similar to making angel investments. However, they do not have any impact on your track record being a fund manager, as SPVs are viewed as slightly more complicated angel investments by sophisticated LPs.

Decile Launch does not cover US visa options. Your best bet is to hire a good immigration attorney. With that said, I am sure that there are some people in the community that can share some of their experiences. From a logistics standpo...

Decile Launch does not cover US visa options. Your best bet is to hire a good immigration attorney. With that said, I am sure that there are some people in the community that can share some of their experiences. From a logistics standpoint, anyone can set up a Delaware based fund subject to KYC and AML requirements.

Usually yes, but not necessary. A lead, typically sets the deal terms and does most of the diligence. They also find co-investors.

Usually yes, but not necessary. A lead, typically sets the deal terms and does most of the diligence. They also find co-investors.

You will not be able to warehouse the assets. If you’re going to warehouse, the assets must be startup equity.

You will not be able to warehouse the assets. If you’re going to warehouse, the assets must be startup equity.