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General VC Questions

What is the largest check size I can accept?

If I incorporated as a $3M fund, I believe the largest check I can accept is $750K.

If, however, I get oversubscribed, what is the largest I can take? Can I assumed it is 25% of whatever the current size is at any time or does it still have to be only $750K?
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The largest check size you can accept should not allow any one LP to own 25% or greater of the fund, as this would give them control. If you oversubscribe, the largest check size can increase proportionally, but it should still remain below 25% of the total fund size to prevent any single LP from having control.
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The VC Lab Assistant is accurate. Make sure that LPs stay below the 25% mark of the total money raised, and ideally much lower. It's possible that later in the fund some LPs may not fulfill their capital calls which could lower the fund size which could adversely affect large LPs.

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