What type of partnership models are there? Most newly established VC funds start out as either single GP firms or a partnership of two. If there
Why use SPVs? Many VC managers use single-asset, special purpose vehicles (SPVs) to give their LPs access to direct investment opportunities in their portfolio companies.
Having in previous articles in this series looked at performance metrics, we will now turn to other important aspects of our due diligence process. How
What is IRR? IRR reflects the Internal Rate of Return, taking into consideration the capital returned and the time at which the capital flows. It
What are MoIC and DPI? Multiple on Invested Capital (MoIC) is calculated by dividing the fund’s cumulative realized and unrealized value by the total dollar
What is TVPI? Total-Value-to-Paid-In-capital (TVPI), or the investment multiple, is calculated by dividing the fund’s cumulative distributions plus its residual value by the amount of