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Adithya Pappala

Launching India's Fi...ย โ€ขย 4m

#9TDAYVC-DAY-9 ๐ŸŽฏWhat is Due Diligence? ๐ŸŽฏWhat is Sponsors Commitment? ๐ŸŽฏDue Diligence: It should be conducted at two levels in AIF- When Investor subscribes to fund Corpous & The fund makes an Investment into Investee Companies. ๐ŸŽฏ Sponsors Commitment: The financial Investment interest into the AIF. The Manager have to sponsor the fund either 5 Crores or 2% of the Corpous of fund. Such commitment should not be from waiver of management fees. This Manager Sponsored capital will be in lock until they successfully raise the funds. Sponsors/Manager are first to be investors in the fund & last to be paid out. They may also need to invest more in tranches if the fund size goes up. If the Fund target is 50 Crores, Then one need to Invest 2.5% means 1.25 Crores. They can also opt for Green shoe Option(Means when manager want to invest more out of his pocket) Subscribe for more information detailed chapters about VC on 9TDAYVC Newsletter๐Ÿ‘‡ Also, Follow Adithya Pappala for more!

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Adithya Pappala

Launching India's Fi...ย โ€ขย 4m

#9TDAYVC-DAY-5 Who is Sponsor & Investment Manager in VC? ๐ŸŽฏSponsors: Sponsor means a person who Setup AIF & Invests in. The Application to SEBI is made by the Sponsor.The sponsors should have to satisfy the criteria of Fit & Proper Person as pe

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#9TDAYVC- DAY10 ๐ŸŽฏWhat is meant by Blind Pool? ๐ŸŽฏWhat is Draw Down? ๐ŸŽฏCapital Commitments: Capital Commitments under less than 1 Crore is not acceptable under AIF.Employees or Directors of the AIF should Invest a minimum of 25 lakhs. 20 Crores

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#9TDAYVC-DAY-11 ๐Ÿ“ŒWhat is Dry Powder? ๐Ÿ“ŒWhat is Draw Down Amount? ๐ŸŽฏDrawn Down Amount & Dry Powder: Drawn Down Amount is the amount that has been Invested into the Bank account & Dry Powder is the commitment capital which will be invested.

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