Key Takeaways
- Ensure your legal team will make your fund formation documents bulletproof.
- Leverage your banking partner for expertise and advice, in addition to banking.
- Make sure you can rely on your fund administrator to account for every penny that flows into and out of your fund.
Starting a venture capital (VC) fund is a big job, especially if you’re doing it for the first time. Fortunately, emerging managers can rely on an array of partners, resources and tools to help navigate the fund formation process and start investing.
In this three-part series from SVB, Kristen Ostro, founder of Strut Consulting, walks emerging managers through what they need to know to form a successful fund.
Legal, Banking and Fund Administration: Three Critical Elements for New VC Funds covers the essentials for emerging managers. In this piece, Ostro explains:
In this three-part series from SVB, Kristen Ostro, founder of Strut Consulting, walks emerging managers through what they need to know to form a successful fund.
Legal, Banking and Fund Administration: Three Critical Elements for New VC Funds covers the essentials for emerging managers. In this piece, Ostro explains:
- The role of legal counsel in developing a limited partnership agreement (LPA)
- Why a VC’s banker needs to have expertise beyond banking
- The importance of a fund administrator to a fund’s overall success