FC vc working group #4 Aug 22, 2022

Attendance:

Each deal costs:

• $2.5k set-up including K-1s, entity creation, fees
https://app.doola.com/

• $300-500 for service provider due diligence fees

• updated service provider fees → poll

 

Curated Deal Flow Logistics

Deal types:

• Founder dropped deals

• Referred deals

 

Founder deals:

1) Education due diligence takes initial founder research and screens calls

2) Scheduling 5-minutes per founder

• Yaztaz - go through a call and deck

 

Referred deals:

1) Weekly pipeline meeting

2) Poll to rank deals

3) Bring in founders for call

4) Due diligence

• How to determine which deal goes to due diligence?
Deposit for due diligence → estpeer

• How extensive - lighter version?

5) Show deal to community

• Commitment to deal

 

Goal:

• inclusive

• fast → stream lined process

 

Due Diligence

• Use VenturePunk as test run of DD

• Create investment memo

• Gate in Clarity → figure out how to give guest people access

 

 

Action Item:

• Yusufxy → find a fork of Dove Metrics

• https://airtable.com/shrP7uEmnxbv7dUEV/tblLezb0yb0IQrFOk/viwm7JDQAjbpM2UUx?backgroundColor=orange