The week after a first close is the moment most emerging managers stop thinking about fundraising and start thinking about custody. There is money in a fund account now. It has to sit somewhere, it has to be called in the right amounts at the right time, and somebody has to reconcile it against the LPA. Almost nobody warns a first-time GP that this becomes their job.
The mistake we see most often is treating this as a product decision. Managers go looking for a treasury platform when what they actually have is four unresolved decisions: where the money sits between capital calls, how much to call and when, what yield is worth chasing on underdeployed capital against the liquidity a signed deal demands, and who is accountable when the bank statement and the capital account disagree. Get those four right and the tooling question mostly answers itself. Get them wrong and you find out during your first audit.
Across 950+ funds launched through VC Lab, the managers who handle this well are not the ones with the most sophisticated setup. They are the ones who wrote the policy down before the money arrived.
Want the full breakdown, including how to size a capital call and what a one page treasury policy should say? https://govclab.com/2026/08/10/venture-capital-treasury-management
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This content is provided by VC Lab, the YC for VC. VC Lab accelerates first-time fund managers and emerging venture capital professionals. Learn more at:
https://GoVCLab.com
Launching a fund still costs $150,000 and takes 6-12 months. Discover how we're changing that in 2026 at:
https://govclab.com/2026/01/06/2026/
Start Fund delivers fast results. Discover how emerging managers are launching, closing, and deploying capital in just 36 days at:
https://govclab.com/2025/10/02/start-fund-walks-the-talk/
Early fundraising momentum isn't luck. Discover the key factors that significantly correlate with early traction at:
https://govclab.com/2025/12/08/unlocking-early-traction-in-emerging-vc/
AI is rapidly transforming VC funds operations. Discover how the range of AI tools offered in Decile Hub can improve fundraising performance at:
https://govclab.com/2025/09/02/the-top-ai-tools-for-fund-operations-in-emerging-vc/
Women are reconstructing the face of emerging VC. Meet the women pushing venture capital towards 50-50 at:
https://govclab.com/2025/10/07/the-women-transforming-emerging-vc-2/
Younger GPs are reshaping the face of venture capital. Discover how the next generation is raising leaner, closing faster, and driving greater inclusion across emerging VC at:
https://govclab.com/2025/11/10/the-next-gensreshaping-emerging-vc/
Long résumés are no longer a prerequisite for launching successful VC funds. Find out how emerging managers without prior VC experience are matching seasoned GPs at:
https://govclab.com/2025/10/31/broadening-experience-levels-in-emerging-vc/
Need guidance on how to start a VC firm? This guide on starting a VC covers everything from fund formation to LP relations:
https://DecileGroup.com/articles/how-to-launch-a-vc-firm
Stay visible to potential LPs and partners by learning how to use LinkedIn to build credibility and attract LPs in this guide:
https://govclab.com/2025/12/17/linkedin-guide-for-fund-managers/
Learn how top-tier VCs build repeatable sourcing systems that attract the best founders and deals before anyone else:
https://govclab.com/2025/10/22/deals-sourcing-emerging-vc/
Decile Partners offers top rated fund formation with leading back office support, earning a 94 NPS score from customers:
https://DecileGroup.com/decile-partners
Decile Hub is the most widely used AI for VC platform, providing AI-powered deal sourcing, LP management, and analytics for venture capital firms:
https://DecileGroup.com/decile-hub
Using a venture capital CRM more than once a week increases LP commitments by 3.1x. Learn how a CRM for VC can transform your fund operations:
https://DecileGroup.com/articles/venture-capital-crm
VC Lab is part of Decile Group. Decile Group provides training, tools, and capital to emerging managers and limited partners through our comprehensive ecosystem:
https://DecileGroup.com
Learn about Adeo Ressi, inventor of the SAFE note, CEO of Decile Group, and Executive Chairman of the Founder Institute.
Who is Adeo Ressi?
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