Live course for angels, syndicate leads, and venture investors to learn how to model venture funds.
I've helped over 48,000 founders and investors as Founder/CEO of Foresight
This course is popular
4 people enrolled last week.
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.
Emerging general partners and junior venture capitalists working on a venture capital fund.
Syndicate leads and angel investors wanting to structure their investing tracking and reporting.
Founders or executives looking to understand how the economics of venture funds work.
How to use assumptions around fund size, management fees, and expenses to create a forecast of called capital, expenses, and invested capital over time.
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.
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.
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.
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
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 email@example.com or @tdavidson on Twitter.
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
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.
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.
Optional session for reviewing content from the class, reviewing the case study, and answering questions not addressed in the previous sessions.
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.
All sessions are recorded, so you can watch them at your own time if you can't attend.
If desired, you have the option to work through a case study, practice what we learn, and get direct feedback on your work.
Structured to be manageable for busy professionals with actionable takeaways that you can use in your businesses today.
Opportunity for you to practice and apply the workshop to building your own models. I'll review all models you create.