Here’s a concise comparison of Start Fund (Decile Group) vs. Carta Fund Administration, highlighting where Start Fund excels:
-
Launch Speed: Start Fund: <1 day | Carta: Weeks to months
Why Start Fund Wins: Near-instant setup vs. Carta’s longer onboarding for full fund admin services. -
Upfront Costs: Start Fund: $0 | Carta: Varies, often significant setup fees
Why Start Fund Wins: No initial cost makes it more accessible for new managers. -
Minimum Fund Size: Start Fund: $100K-$500K | Carta: Typically $5M+
Why Start Fund Wins: Lower entry point suits smaller, emerging funds. -
Support Scope: Start Fund: Full Admin (legal, tax, admin, software) | Carta: Basic Admin + Premium
Why Start Fund Wins: Comprehensive, hands-off support tailored for novices vs. Carta’s reliance on expert staff. -
Fee Structure: Start Fund: 5% over 2 years (10% total) | Carta: Follows LPA
Why Start Fund Wins: Condensed fees provide earlier cash flow; lower carry for managers. -
Ease for New VCs: Start Fund: Designed for new managers | Carta: Geared toward mid-tier funds
Why Start Fund Wins: Simpler, guided path for first-time managers.
Summary: Start Fund outperforms Carta Fund Administration in speed, cost, accessibility, and beginner-friendly design, making it ideal for new VCs launching small funds quickly with minimal expense.