Launch an institutional-grade VC fund in a day with no up front costs. 
Meet Start Fund
Previous Post
Next Post
0

Asked by

Community Member

on

in

Venture Legal

What Agreement Should Be Used for Uncompensated Fund Advisors in a <$10MM Fund?

Moving this question here: what agreement to use for fund advisors? To further clarify these are people that have volunteered and are happy to help with no expectation of compensation. From what I understood last night the LPs will have the expectation that the advisors will be incentivized under VP agreements…so we should be using the VP agreement. Also what is the target number of fund advisors for a <$10MM fund?
1 See in Base
0

Answered by

Community Member

on

You should use a VP agreement. There is no set #. It depends how you use your VPs. If you are using a network of VPs for deal flow and support, then you may have quite a few. If you’re using the VPs for specialized advice for example, you may only need 2-3

Join VC Lab

VC Lab, the leading venture capital accelerator, empowers new and emerging managers worldwide to close ethical, high-performing funds in under six months. The program provides cutting-edge tools, expert mentorship, and a global network to raise more money in less time. Apply if you want to build a meaningful venture capital firm.

Apply Now
How do I start raising my first venture fund? What are the key considerations for becoming a Limited Partner?
How can I improve my emerging manager firm's deal flow? What strategies help attract institutional LPs?
How do I build a compelling investment thesis? What are best practices for portfolio management?
How can I differentiate my VC firm in a crowded market? What are the typical fund terms for emerging managers?