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Asked by

Community Member

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Fund Operations

In a $10 million debut fund in California, what's the typical breakup of 2% management fee spend? What should be solo GP salary in California?

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Answered by

Mike Suprovici

on

First read this article on Management Fees. Then read this article on fund expenses. Everything listed as Manager in the 'Who Commonly Pays?' column will come out of management fees. Finally read this article on the VC fee model. Every fund is different, so your costs, especially with respect to DD may vary based on the strategy. 


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