How to Cover Legal Expenses for a First Fund Before Closing Without Paying Out of Pocket?

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May 03, 2023

Fundraising

How to Cover Legal Expenses for a First Fund Before Closing Without Paying Out of Pocket?

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?

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