How to Model Venture Funds
9.3
(15 ratings)
2 Weeks
·Cohort-based Course
Live course for angels, syndicate leads, and venture investors to learn how to model venture funds.
Hosted by
Taylor Davidson
I've helped over 48,000 founders and investors as Founder/CEO of Foresight
Course overview
Understand how the economics of venture funds work
Starting a fund, syndicate, or getting started with angel investing? It's important to understand how to budget for investments and forecast returns for your limited partners. Come for the education, leave with a model you can use.
The three sessions can be joined live or watched on your own time. All students will receive the slides, the example spreadsheet, the case study, and the recording of the full workshop, and all of the materials can be downloaded for viewing on your own time.
Who this course is for
01
Emerging general partners and junior venture capitalists working on a venture capital fund.
02
Syndicate leads and angel investors wanting to structure their investing tracking and reporting.
03
Founders or executives looking to understand how the economics of venture funds work.
Key outcomes
Model fund capital budgeting and deployment
How to use assumptions around fund size, management fees, and expenses to create a forecast of called capital, expenses, and invested capital over time.
Create a portfolio construction model
Cover a few common ways of approaching portfolio construction models and discuss the pros and cons of each, and how to use them in our forecast of investments and proceeds. We will cover simple and complicated ways of forecasting portfolios.
How to model proceeds and distributions
Using our forecast of invested capital and our portfolio construction logic, we will cover how to create a forecast of proceeds from investments and a waterfall of distributions, including preferred returns, GP catchups, and carried interest.
Present key metrics and key reports
Using our forecast of fund cash flows, we will introduce how to calculate unrealized gains and residual values, using our portfolio construction approach to forecast the underlying changes in value in the portfolio not captured in our realized cash flow forecasts.
Bonus: Model a management company
This is a bonus session using prerecorded video, to cover how to model the forecasted revenues and expenses for the management company. If time, will address questions and comments in the session.
How to Model Venture Funds
9.3
(15 ratings)
See what people are saying
Kyle O'Brien
Lukas Grodl
Joaquin Stephens
Howie Schwartz
Brett Long
Simon Haworth
Join an upcoming cohort
How to Model Venture Funds
Cohort 5
$579 USD
Dates
Oct 11—20, 2023
Payment Deadline
Oct 11, 2023
Meet your instructor
Taylor Davidson
Founder and Managing Director, Foresight
Taylor Davidson is the founder of Foresight, which helps entrepreneurs use financial models for business decisions.
Through his template financial models and strategic advisory services, he has helped over 48,000 entrepreneurs from 116 countries on financial planning, projections, fundraising, valuations, and business strategy.
Taylor has also worked with over 600 angel investors and venture funds on investment strategy, portfolio tracking, capital planning, and fundraising.
He created this workshop to help first-time founders and junior venture capitalists learn the fundamentals of modeling cap tables.
He created the Cap Table and Exit Waterfall Masterclass to help founders and VCs learn how to understand and build cap tables and exit waterfalls for their financing rounds.
He partnered with Chris Wattig to create Finance for Founders to help founders learn how to build an FP&A function at their companies.
Contact him at hello@foresight.is or @tdavidson on Twitter.
Join an upcoming cohort
How to Model Venture Funds
Cohort 5
$579 USD
Dates
Oct 11—20, 2023
Payment Deadline
Oct 11, 2023
4 sessions + downloadable tools and instructional videos
01
How to model fund flows
Using our knowledge of modeling portfolio construction, building out a schedule of capital calls, investments, proceeds, and distributions to limited partners and general partners
02
How to model portfolio construction
We will start by building cap tables to understand discrete investment scenarios, and use that to understand the different approaches to modeling portfolio construction.
03
How to model performance metrics
Wrapping up our model, we will learn how to calculate key fund performance metrics and use them to create scenarios and communicate fund performance.
04
Optional Q&A
Optional session for reviewing content from the class, reviewing the case study, and answering questions not addressed in the previous sessions.
Course Schedule
3-4 hours per week
Live sessions and Q&A review
12:00pm - 1:30pm EST
Each session is 1.5 hours, 12 to 1:30 PM Eastern, with the live sessions on October 11, 13, and 16 plus an optional review Q&A on October 18.
The time between classes is for questions, review, and practice.
Join live, watch anytime
All sessions are recorded, so you can watch them at your own time if you can't attend.
Practical Case Study
If desired, you have the option to work through a case study, practice what we learn, and get direct feedback on your work.
No required homework or prereading
Structured to be manageable for busy professionals with actionable takeaways that you can use in your businesses today.
Optional case studies
Opportunity for you to practice and apply the workshop to building your own models. I'll review all models you create.
Join an upcoming cohort
How to Model Venture Funds
Cohort 5
$579 USD
Dates
Oct 11—20, 2023
Payment Deadline
Oct 11, 2023
Frequently Asked Questions
What happens if I can’t make the live session?
How do I know if this will be valuable for me?
What’s the refund policy?
Will my employer pay for this course?
I have questions, who do I contact?
Join an upcoming cohort
How to Model Venture Funds
Cohort 5
$579 USD
Dates
Oct 11—20, 2023
Payment Deadline
Oct 11, 2023