Venture capital fund operations — the part nobody pitches. Fund formation and terms, LP reporting and capital calls, portfolio construction, reserves and follow-on strategy, valuation policy and marks, plus the fund administration and audit work behind all of it.
Each episode takes one operational question and answers it concretely, because the difference between a credible emerging manager and a hobbyist is usually back office rather than deal flow. Written for emerging managers, fund operators and the CFOs supporting them. Five or six minutes an episode.
Topics include fund formation and terms, LP reporting and capital calls, portfolio construction, reserves and follow-on strategy, valuation policy and marks, fund administration and audit, and what emerging managers get wrong first.
Produced by VCF.co, support for venture capital funds. Full details, services and further reading at https://vcf.co