Every step from entity formation to first investment — 50 items across 5 categories. Track your progress as you build your fund.
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Legal & Entity Formation
Fund Economics & Strategy
LP Materials & Fundraising
Operations & Infrastructure
First Close & Deployment
Frequently Asked Questions
How long does it take to launch a VC fund?
Typically 3-12 months from initial planning to first close. The legal formation takes 2-4 months, and LP fundraising runs concurrently. Most emerging managers target first close within 6 months of starting.
What's the minimum fund size to be viable?
Most fund formation lawyers recommend a minimum of $10-15M for a traditional fund structure. Below that, the management fees may not cover operating costs. Micro-funds ($5-10M) can work with lean operations.
How much does it cost to set up a VC fund?
Legal fees: $35K-150K. Fund admin: $15K-50K/year. Insurance: $5K-15K/year. Total first-year setup costs typically range from $50K-200K depending on fund size and complexity.
