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About – Variant
variant.fund
Many crypto startups raise traditional venture capital to fund product/market fit discovery, often under a Simple Agreement for Future Tokens (SAFT), a structure developed by Protocol Labs and Cooley that’s similar to Y Combinator’s SAFE, except that it converts into tokens instead of equity should the company issue tokens in the future.
Packy McCormick • The Dao of DAOs - Not Boring by Packy McCormick
Kauffman Fellows • Venture Fund Portfolio Construction | Journal | Kauffman Fellows
Fund Structure
Traditional Fund
Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.
That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.
... See moreWeekend Fund • VC terms you need to know
Kauffman Fellows • Venture Fund Portfolio Construction | Journal | Kauffman Fellows
- Fund Size: amount of capital committed to fund.
- Management Fee and Carry Percentages: Typically funds have a 2% yearly management fee over the 10-year life of the fund to cover all overhead expenses and a 20% carry.
Kauffman Fellows • Venture Fund Portfolio Construction | Journal | Kauffman Fellows
new VC funds at / below $200M in size by Shai Goldman @shaig - Google Drive
docs.google.com
How to DeFi: Advanced
