Previous Post
Next Post
1

Asked by

Community Member

on

in

General

Where to Allocate Expenses for Attending Port Co Board Meetings: Management or Fund Expenses?

Where should we bucket expenses (travel+frugal entertainment) associated with attending port co board meetings? Management Co Expenses or can that be pushed to Fund Expenses?
1 See in Base
3

Answered by

Community Member

on

You can _technically_ charge stuff like this as a fund expense, but some/most LPs would have a problem with that because that’s part of your job and they are commonly paid from management fees. So, typically those are done at the ManCo level.

Join VC Lab

Raising your first fund? VC Lab has helped launch 1000+ venture firms, with no fees and no equity taken. The average Start Fund reaches first close in 58 days.
Apply Now