List of LP questions
Twitter LinkedIn WhatsApp Email Join the community to ask and answer questions Clay Norris: This article has a bunch of good questions and resources in the footnotes.Would love to build a list of questions to expand on this @De’Havia Stewart if you or anybody else wants to help add to it David Teten: teten.com/lpdd Read […]
Helping portfolio companies evaluate debt options
Brian Yoon: Hey Ben, Brian here previously used to work in debt restructuring now at Hum. You need to first create a robust business plan and understand ur liquidity. Starting there, you can see if a term loan or something like a revolving line of credit would work based on your unlevered free cash flows. […]
Adding family offices to your LP pipeline
David Teten: http://teten.com/vcraise Clay Norris: Unfortunately, these people move pretty slow, and it will take multiple months of meetings before any next steps are made. In terms of getting in the door, I’d suggest asking your existing LPs to broker intros for you.
Loan facilities for funds
David Teten: Capchase/Pipe Clay Norris: I’ve mostly heard Pipe as well (https://pipe.com/angellist) Trey Buck: +1 on CapChase Charlie Graham-Brown: thanks all. FYI: CapChase aren’t offering this pipe offer “upfront access to 50-75% of future management fees over 8-16 quarters (2-4 years)” you just need a US or UK account
Advice on Fund II decks
David Teten: teten.com/lpdd Maddy Crema: hey guys! I would say you’re right on more data – now that you have a track record you should share the latest performance metrics for your portfolio (TVPI, DPI, IRR). it’s helpful to also share detail on portfolio construction (# of investments, at what stages, avg check size at […]
Sending investor updates to LPs in different funds
Olivia Goldstein: We separate out our updates to LPs by Fund. Gyan Kapur: We also separate out but then have a general update with thoughts on the market (which we may get rid of—haven’t 100% decided.) David Teten: easiest to send out a general update (which allows you to brag about the good stuff firm-wide, […]
Purpose of creating an access fund
David Teten: I think you’re talking about overlays? see https://teten.com/how-vcs-can-and-should-invest-in-later-rounds/ Sam Stein: David, that’s a great article. Learned something new – thanks for sharing. But I don’t think it’s an overlay fund because it is not a fund investing in the portfolio companies at later stages of fund III, rather it says fund III access […]
Advice on building a world-class investor relations program
Clay Norris: @Claire Shaw thought that this and this might be helpful David Teten: http://teten.com/vcraise + https://teten.com/blog/2021/01/23/15-steps-to-fundraising-for-your-new-venture-capital-or-private-equity-fund/