VC and PE fund structures are traditionally raised in the closed-ended manner, through limited partnerships with end dates. A less common alternative to this is an open-ended/evergreen fund, an ongoing structure that continues indefinitely. In this article we discuss the nuances of open-ended funds with a GP from B37 Ventures, who raised and operates one.Continue reading →
The origins of family office investing date back, colorfully, to at least 15th century Florence, when the Medicis auspiciously gave the likes of Michelangelo and Da Vinci their start. Fast forward to present day, family offices have quietly continued to rival household VC names in the capital structures of the world’s largest tech companies (Uber, Facebook, and WeWork, for example).
Finance Expert Vidur Gupta presents a captivating introductory piece on the secretive but potent world of family office investing.Continue reading →
2017 saw a number of issues arise in the VC industry and it may be approaching a watershed regarding its relevance.
This article looks into the root causes of the industry’s problems and why they have come to light. VCs can go through a pivot of their own to retain a seat at the table, with big data, exotic funds and platforms offering a path forward.Continue reading →
Starting a fund is an aspiration harbored by many financiers. While attention tends to focus on investing and deal making, the initial fundraising process is riddled with uncertainty.
This guide presents the main considerations to take when raising a fund, covering the legal, accounting, staffing, and strategic roadblocks that will be encountered.Continue reading →
Four years on from the signing of the JOBS act, equity crowdfunding remains a small, niche market. In this article, we take a look at the current state of equity crowdfunding in the US and assess some of the challenges the market faces if it wants to grow into its potential.Continue reading →
Despite the large increase in resources aimed at helping founders navigate the fundraising process, many still struggle when it comes to particular term sheet clauses that can have unintended consequences if misunderstood.
These clauses can lead to founders losing control of their company or payout structures upon exit down the road, regardless of how much capital they succeeded in raising. This in-depth post by Toptal Finance Expert and VC Alex Graham fills the knowledge gap by breaking down the term sheet’s trickiest clauses and the implications thereof.Continue reading →