test 333
What is decile capital?
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Any insights on covering legal expenses for a first fund prior to closing the fund? Local VC estimates $50-60K for initial legal work all of which are recoupable from post-close admin fees. But are people just paying this out of pocket or what?
Fund strategy: what’s the right amount of information to share with LP (who could of course forward it to their friends and partners)?
What's the general opinion on listing portfolio companies on the website while still raising?
Hi VC Lab Family what are your thoughts on adding a link to the Fund pitch in the Newsletters?
All had the following from a potential anchor LP (willing to do 25%+) who is keen to invest 'Would you consider a sale of any part of the GP or a price concession on aum to a possible anchor?' From all I've read this seems to be a polite but firm no. Any counterpoints or counterarguments?
Hi all I've a question I'm really hoping someone can help me with. I'm an international person in the US (singaporean) previously on a student F1 visa. I recently took a consulting gig to get a work visa and am now on H1B. What are the options to be able to set up the fund and work under the fund as my full time job? My understanding is that neither H1B nor E2 visa apply to a fund. Is this true? If so what are the alternative options?
Is it worthwhile or advisable to politely push back on anchors requesting favorable terms with resources we find that suggest that 'In contrast to traditional private equity settings none of the interviewed [for this HBS study] anchors sought fee breaks or other preferential economic terms. Some were attracted by the ability to shape the direction and legal structure of the fund or serve on the LP advisory board?' Mike made mention in a previous AMA that such favorable terms actually don't meaningfully move an LP closer to investment anyways which was interesting.
Should we mention only our personal track records or it could be a common answer from the whole fund team in question #4 about our track records of past deals?
For those sending out newsletters, should we archive all of our editions? If so, where?
Can I talk to startups about a potential investment with the fund ticket size? Discuss their interest?
Is there a specific investment license for GPs? Something like the accredited investor?
What should be my strategy for the initial conversation with a celebrity LP who contacted me through a close personal contact?
is there a database where it shows how many newly formed VC funds raised via 506B VS 506C? my hypothesis is that 80% of those that have successfully closed are raising publicly but data would be better.
We had an interesting fund of funds proposal for 25% of our fund. *Do you know if the proposal is typical or aggressive or have advice for a counter?* This is the offer at a high level: • 40% of commitment allocated to initial investments of our fund. • 60% of commitment allocated to co-investments in subsequent funding rounds within our portfolio ventures as selected by the FoF (we don't receive any carry) • Option for FoF to lead subsequent funding rounds (for individual portfolio companies) as Lead Investor • 1 IC seat (we're okay with it)
1. Is the maximum number of investors allowed 99 or did it get raised to 250?
In the #4 question it's not clear how to quantify how each Past Deal will be attractive to Limited Partners. Should we write a valuation of the future rounds of the Deals in exact numbers or just write 'very attractive' or 'not attractive'?