![Waterfall analysis](https://images.ctfassets.net/y88td1zx1ufe/3kvbhDUrnE3HGwCESxxsKe/686d8ccc0100a5d88aedaebc45f2783f/Waterfall_Analysis.png)
Founder Education
May 2024
Waterfall analysis
Learn how to model exit scenarios using waterfall analysis. Waterfalls help investors predict how shareholders would be...
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![TVPI (Total Value to Paid-In)](https://images.ctfassets.net/y88td1zx1ufe/1r9Ndx4O3yGTtag4pk2weY/b223b8c3bc1a4ed752c57ac3b58ce53a/Total_value_to_paid_in.png)
Investors
May 2024
TVPI (Total Value to Paid-In)
Learn how to calculate net and gross TVPI (total value to paid-in), key metrics investors and fund managers use to...
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![Limited partnership agreement (LPA)](https://images.ctfassets.net/y88td1zx1ufe/2eruwJHQUMXakkqUTHtGv4/0ec5ae0eb1c48e7e1bcf60fb8bdcea80/Limited-Partner.png)
Investors
April 2024
Limited partnership agreement (LPA)
For emerging managers raising their first venture fund, learn the key terms and market norms of a venture capital fund...
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![Carried interest](https://images.ctfassets.net/y88td1zx1ufe/akQDwBVuK3gwiYECfej7N/ad843f32128c7bb390b36435f1be79b9/What_is_carried_interest__1_.jpg)
Investors
April 2024
Carried interest
Carried interest is how venture capital firms compensate and incentivize their general partners. In this article, we'll...
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![Tear sheets](https://images.ctfassets.net/y88td1zx1ufe/32zWY86yS5qr4DEYACG8gK/8be91b67335f21c70223ec588766bed8/What-is-a-tear-sheet.png)
Equity Education
March 2024
Tear sheets
A tear sheet helps LPs understand how their investment is performing. Download our tear sheet example to get started...
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![Capital calls](https://images.ctfassets.net/y88td1zx1ufe/7etR97vSlSwyJFHTEpvkgX/4dc0afd796c15e4de0adbb9906237e04/What_is_a_capital_call_.jpg)
Investors
February 2024
Capital calls
When venture capitalists are ready to invest in a private company, they usually have to make a capital call first....
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![General partner (GP)](https://images.ctfassets.net/y88td1zx1ufe/NbIn3ga1ZpnevV3v0RcXb/f88bd187239de0dd40e840436a0799dc/General_Partner3.png)
Venture Capital
December 2023
General partner (GP)
A limited partnership involves at least one general partner and at least one limited partner. Learn more about the GP's...
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![How to start a venture capital firm](https://images.ctfassets.net/y88td1zx1ufe/1JauF57Dhp44QYjHz2EzZK/41ee3a272a50a2d185c646a0f4ba0760/What-is-venture-capital.png)
Vauban
October 2023
How to start a venture capital firm
Venture capital is an investment strategy in which general partners collect outside capital and use it to invest in...
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![How VCs measure fund performance](https://images.ctfassets.net/y88td1zx1ufe/57XOZVBuQvTX6Aqamb7LsP/a344bf321e04f9ef381ce4223e21cbfc/Fund_Metrics__1_.png)
Investors
September 2023
How VCs measure fund performance
Venture capital fund managers use several different formulas to report their fund performance. Here's what they are....
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![Guideline Public Company Method (GPCM)](https://images.ctfassets.net/y88td1zx1ufe/3MANKvMJq6hC10xlClU8ph/884187135e537b18a8a0cea16e9cd106/Priced_rounds_for_founders.jpg)
Private Companies
September 2023
Guideline Public Company Method (GPCM)
The guideline public company method (GPC method or GPCM) is one way to calculate a private company’s valuation. Learn...
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![Investment thesis](https://images.ctfassets.net/y88td1zx1ufe/1JauF57Dhp44QYjHz2EzZK/41ee3a272a50a2d185c646a0f4ba0760/What-is-venture-capital.png)
Investors
September 2023
Investment thesis
An investment thesis clarifies how you’ll make money for your fund’s LPs. Learn how to write a great thesis so you can...
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![Special purpose vehicle (SPV)](https://images.ctfassets.net/y88td1zx1ufe/1Y0hTeX0bDJO5QVwwvJx49/720de4a360824737c1d56076d76c4ad4/Generic_SPV.jpg)
Investors
August 2023
Special purpose vehicle (SPV)
Learn about special purpose vehicles (SPVs) in private funds, including what they are, how they work, and how they...
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