General VC Questions

Hi there, I see there is a very good resource on Venture Partner agreements (https://govclab.com/venture-share/). Decile Base shared there is a resource on how this is defined for the GP in itself however, the link leads to the VC Labs homepage. I am wondering if anyone has a good resource to share in this regard. 

Hello, I sent an email to some specific individuals in the funnel list outside Decile email sending since we got an issue during sendouts and wanted to update the list's "Last Contact" column. When I upload the excel file, the "Last Contact" coulmn went blank and the date that I was supposed to see does not appear.

I am trying to figure out a way to send certain reminders to portfolio companies and need a recurring email feature.

We’re launching a VC fund in Central Europe and have a few advisors/connectors helping with fundraising. Some expect compensation, but we’d prefer not to bring them in as venture partners to keep that group small. We’re considering a success-based fee (e.g. % of capital raised), but have a few questions: 2. Is a finder’s fee (% of capital raised) common in VC fundraising? 4. What are typical terms for this in Europe? 6. Should this come from fund expenses, the management company, or handled otherwise? Any advice, especially from a European perspective, would be much appreciated.

Hi Again @Woody Butler I would like to seek a concern when sending an email campaign. My emails was not successful to send out due to some errors but is there a way to have a notification that the email was not fully send in the Decile, since some of them are just indicated as sent. Thanks! [image.png] [image.png] tagging @MyPhuong Le @David Lopez 

Hi again @Woody Butler , I tried to sent another batch of but I received an error since yesterday assuming that I exceeded to 500 emails per day but as I tried to sent today, it wont go through. and I have this error below: [image.png]

As I checked the entry list. some of the tags I made disappeared in the funnel. Is there a way to restore it? See the image below for references [image.png]

Can I warehouse an investment for start fund? If it is a past deal I have made, can I bring it into my start fund. 

How is the money collected from a capital call treated before it is invested into startups? Does it accrue interest in a bank? What restrictions are imposed on that money - eg. can it be invested in crypto while the fund identifies the right startup to invest in?

Could you please share the components of the expense report:  • What all is included in the expenses portion of the income statement? Is management fees and carry considered an expense, or a distribution? 

I was not able to proceed as the amount to be called could not be updated.

The exact allocation depends on the Limited Partnership Agreement (LPA) of course, but is there one of the two options that occurs most often?

Is a 25% fund recycling target rate realistic? Seems too optimistic even for a USD 25m fund. According to Perplexity. Ai A 25% fund recycling target rate is generally considered ambitious but potentially achievable for a venture capital fund, including a $25 million fund. However, it's important to note that this target may be optimistic and challenging to reach consistently[5][8]. Recycling in venture capital refers to reinvesting proceeds from early exits back into the fund instead of distributing them to limited partners (LPs). This practice can help offset management fees and potentially boost overall returns[5][8]. For a $25 million fund: 1. A 25% recycling rate would mean reinvesting about $6.25 million. 2. This level of recycling requires multiple successful early exits. 3. The timing of these exits is crucial, as they need to occur early enough in the fund's life to allow for reinvestment[8]. Challenges in achieving a 25% recycling rate: 1. Seed-stage investments typically take 7-10 years or more to exit[8]. 2. Finding suitable reinvestment opportunities that maintain high return potential. 3. Balancing recycling with the need to provide returns to LPs. While some funds have achieved recycling rates of 20% or higher, it's not common across the industry. A more typical recycling rate might be in the 10-20% range, depending on the fund's strategy and success[5]. In conclusion, while a 25% recycling target is potentially achievable, it may indeed be optimistic for most funds, including a $25 million fund. Fund managers should carefully consider their strategy and market conditions when setting recycling targets[5][8]. Sources [1] Finding the Right Targets for Recycling Rates Remains an Elusive ... https://www.waste360.com/waste-recycling/finding-the-right-targets-for-recycling-rates-remains-an-elusive-goal [2] Fund Recycling Moves the Needle for Both LPs and GPs. Here's How https://sapphireventures.com/blog/fund-recycling-moves-the-needle-for-both-lps-and-gps-heres-how/ [3] Is a 25% annual return realistic? : r/investing - Reddit https://www.reddit.com/r/investing/comments/1be2f4p/is_a_25_annual_return_realistic/ [4] Lawmakers greenlight statewide recycling program funded by ... https://www.denver7.com/news/environment/lawmakers-green-light-statewide-recycling-program-funded-by-packaging-producers [5] Venture Capital Fund Recycling | AngelList Education Center https://www.angellist.com/learn/recycling [6] [PDF] Resource Recovery Implementation Program - City of Houston https://www.houstontx.gov/solidwaste/RRIC/RRIC-Final-Report-Phase-1.pdf [7] How To Set Recycling Targets That Actually Work - LinkedIn https://www.linkedin.com/pulse/how-set-recycling-targets-actually-work-tomra-jkzff [8] Recycling: The challenge and the opportunity for a Seed stage VC https://informationarbitrage.com/post/151395558860/recycling-the-challenge-and-the-opportunity-for-a