The Investment Committee (IC) process for reviewing Start Fund deals is designed to ensure professional oversight and institutional-grade governance. Typically, all investment decisions are reviewed by an institutional-grade IC, which provides structured financial oversight and portfolio monitoring. The process includes professional review of deals, combining both technology-driven analysis (via Decile Hub’s AI-powered tools) and human expertise. This ensures that each deal aligns with the fund’s strategy and risk profile. Most new managers make investment decisions unless there’s a conflict of interest, in which case an LP Advisory Committee (LPAC) may be involved, as outlined in the fund’s LPA.
[Reference: Start Funds are the Safest](https://decilegroup.com/blog/start-funds-safest)

• A deal memo articulating clear evaluation and diligence;
• Investible deal documents (with Start Fund Signature Block);
• Entity documentation for the operating company
  (and for the tiered holding structure if applicable);
• Investible cap table;
• Document confirming bad actor checks on named founders;
• No unaddressable red flags

1. Investment Lead creates a deal memo in Decile Hub and submits for review.
2. IC uses a standard checklist to review.
3. Responses are: Confirmed, Pending, or Declined.
4. Typical review in 2–5 business days; urgent deals are prioritized.
5. Confirmed deals are signed by the Decile Group Start Fund Signatory. Investment Leads can NOT sign deal documents.

1. Violates the Mensarius Oath
2. Failed Bad Actor checks
3. Uninvestable cap table
4. Deal terms or documents with toxic provisions
5. Clear, unavoidable conflicts of interest between Investment Lead and portfolio company
6. Investment is LLC or rollup vehicle (LLC is sometimes valid based on tiered investment structure)
7. Compensation of placement agents by company/investor
8. Inappropriate use of fundraising proceeds