To wrap up this series in a few bullet points.
VentureSouth makes mistakes. We thought our step-down approach when defining the management fee for our sidecar funds was universal market practice; but it is not.
It turns out that some VCs are greedy (who would have thought that!?) and VentureSouth is a paragon of virtue (who…?)!
If you are considering investing in any early stage investment vehicle, you should pay close attention to the details. A “2% management fee” might be standard – but the devil is in the details.
Good luck making money, having fun, and doing good – and reducing your total load – when investing in early stage companies.
Next up, Matt finally unleashes his definitive guide to convertible notes!