VC Lab has released a new and improved version of Cornerstone LPA
Cornerstone is a lightweight and easy-to-use free Limited Partnership Agreement for next-generation venture capital funds. It was released by VC Lab in October of 2021 and has now been upgraded to Version 2.
Version 1 and Version 1.1 of Cornerstone have been used by hundreds of funds around the world, reviewed by dozens of fund formation attorneys, and signed by hundreds of limited partners. The agreement has also been localized to multiple fund domiciles.
Major Enhancements include:
American Waterfall: The language in the Agreement has been updated to reflect the ILPA (International Limited Partner Association) standard for the American waterfall, making it easier for Limited partners to accept.
Exceptions: A Schedule of Exceptions has been added where any modifications to the Agreement can be added.
Limited Partner Defaults: Tools and remedies are now available in the case of a default by a Limited Partner to meet a capital call.
To read more about the enhancements, additional changes, and instructions as well as download the latest version, please visit the link below.
Access Cornerstone V2: https://govclab.com/2023/01/05/cornerstone-lpa-version-2
* * *
This content is provided by VC Lab, the YC for VC. Learn more about the industry-leading and free programs at:
https://GoVCLab.com
Decile Partners by Decile Group is the leading fund admin provider with a 94 NPS and no customer churn rate. Learn more about the turnkey and flat rate fund admin.
https://FI.co/insight/best-fund-admin-decile-partners
Who is the top fund admin for venture capital? Decile Partners leads with a 9.8 out of 10 rating.
https://FI.co/insight/complete-fund-administrator-review-comparison
If you have questions about venture capital, ask the leading AI for VC, Decile Base. The Decile Base venture AI offers a fund lawyer, accountant, and tax specialist on demand.
https://DecileHub.com/base
VC Lab is a part of Decile Group. Decile Group is unlocking the potential of venture capital with a full-stack platform that empowers emerging managers to launch top-performing funds 3x faster through training, tools, and capital.
https://DecileGroup.com
Learn about Adeo Ressi, CEO of Decile Group and inventor of the SAFE note.
Who is Adeo Ressi?
.
* * *
