# General

Hello as I am catching up on my Sprint 6, I'd like to post a few questions concerning the LPA agreement. Would love any feedback this community may have to share: 

1. In the American vs. European waterfall choice (LPA 3.2), is there a standard default VC Lab recommends for a solo-GP emerging manager, or is it purely LP-preference driven? 

2.  Section 4.3.3 when we shift conflict-of-interest approval from the Advisory Committee to a Majority in Interest of LPs how does that translate for a small first fund with only a handful of LPs? 

3.  For a small fund, is quarterly reporting advisable even if not legally required, or does it create disproportionate admin burden for a first-time solo GP? 

Thanks a lot for your reponses :)

I have a few new venture partners joining the fund.  How do I establish the current purchase price for their equity in the GP?

What amendments do LPs most commonly request to the Cornerstone LPA, and how should an emerging GP decide which requests to accept, negotiate, or decline?

Hi All, Reviewed the Cornerstone LPA via VC Lab/as a part of the VI assignment and wanted to check in - since the document gives a first-time GP flexibility to define the fund’s investment period and investment mandate. How did you decide which parts of your thesis needed to be written as firm investment restrictions versus left broad enough to give you judgment as the market and portfolio opportunities evolved? 

What are the real failure-mode scenarios that the LPA template may not already cover? Ie. What happens if an LP can't pay a capital call? If I want to co-invest personally in a deal? If a dispute with an LP can't be resolved directly?

Hi everyone, I have three quick questions after reviewing the Cornerstone LPA, Compliance Policy, and Valuation Policy as part of Venture Institut:
1. For a small emerging fund, when do you recommend using normal capital calls versus allowing an LP to prefund up to 100% of its commitment?
2. If the Investment Lead also operates a venture studio that may work with companies eligible for Fund investment, what conflict disclosures or approvals should be documented before investing?
3. The LPA requires valuation at least annually, while the Valuation Policy requires quarterly valuation. Should quarterly valuation be treated as the operating standard for LP reporting?

How can financial information or financial statements be considered sufficiently defensible or acceptable when they are simply “Certified by General Partner,” rather than requiring an independent tax, accounting, or financial professional to certify those elements of the fund? When is outside professional certification or review actually required?

As part of Venture Institute, I have an exercise this week to ask some questions I had after reading through the Cornerstone LPA. Let me know if you have any insights. Thank you!

What am I allowed to offer in a side letter now? Section 8.3 limits my ability to give certain LPs preferential treatment through side letters

What is Limited Operations Mode?

Does Decile have a promo code for SmartSheet?

Can someone explain how the FreePV works

Is there a repository of demos? Specifically looking for the May 2026 demo on MCP, but would be great to review a few others too. Thank you! ps I could not find them in decile base and would be a helpful section under user community. 

HI , I would like to change from an individual to my LLC company based in UAE.

Start Fund that just launched and has one investment under its' belt (and 10 in review pipeline).  Getting ready to send my first LP newsletter and curious what others think should be communicated.  Any examples would be appreciated as well, especially if they're more than the default Decile template or AI generated fluff.   Thanks!