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 :)
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 :)
