Investor & VC

Read the deal.

For angels, VCs, LPs, and fund managers.

Topics

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Scenarios

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Fund Economics & GP/LP

How VC funds work, fees, carry, and LP obligations

… scenarios

Term Sheets

Board control, dirty terms, protective provisions, and what to negotiate

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The YC Deal

How YC's standard deal works — SAFEs, MFN, fixed 7%, and pro rata

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LP Relations & Reporting

Quarterly reports, fee transparency, ILPA standards, and Fund II

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VC Portfolio Management

Reserve strategy, follow-ons, markups, markdowns, and recycling

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Private Equity Basics

LBOs, EBITDA multiples, hold periods, exits, and how PE differs from VC

… scenarios