#135 Regulatory for VC Funds, CFO Edition

Hi everyone! 👋 Welcome to our new members of @TheFundCFO crew! We recently launched a paid tier and released our VC Fund Playbook, Models, Compliance Checklist @ Streamlined.Fund! Re-linking top posts: #96 The Case for 30+ Co.'s Per VC Fund and the Full CFO Archive.

There’s a lot of great content from notable VCs, LPs, and CFOs/finance pros on the internet. Here, we’re focused on pulling out the insights out that really matter, as well as finding the most current content that overlays historical lessons with current market dynamics, which are changing faster than ever.

Every Tuesday/Thursday, we bring you actionable tools, real-world experiences, and insider insights for #VC CFOs/Finance Pros and fund managers, #LP investors, and industry enthusiasts/people who want to learn :). As a reminder:

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Regulatory for VC Funds, CFO Edition

Every few weeks, we keep coming back to regulatory for VC funds as a key topic. It might not be the sexiest topic out there but it’s super important and top of mind, especially with year-end filings!

Earlier this month in post #131 Best VC Regulatory, Legal, Compliance, we dove deep on this topic and resurfaced our key insights. Earlier this week…

Chris Harvey released #31 Episode - VC Funds Regulatory Playbook.

We believe this article is the top place to go for any question you have regarding VC fund regulatory! We highly recommend reading in its entirety! Some key takeaways:

1. “Back in Law of VC #20 - a Simple Framework, we learned that there are three principal laws that govern 80%+ of venture fund law:¹

I. Regulation of the Fundraising Process

See the full text of the Securities Act of 1933 (15 U.S.C. § 77a, et seq.).

II. Regulation of Private Funds

See the full text of the Investment Company Act of 1940 (15 U.S.C. § 80a-3).

III. Regulation of the Fund Manager

See the full text of the Investment Advisers Act of 1940 (15 U.S.C. § 80b-3).

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Let’s Dive Deeper - What Are The Key Takeaways for VC Regulatory?

Chris’ VC Funds Regulatory Playbook has so many insights, links to other resources, and great explanations. Carta’s VC regulatory playbook and the IAA ADV Checklist go deep as well. We’ve spent thousands of hours on this topic over the past 20 years. What are our key takeaways for VC regulatory?