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Venture Handbook · Class 20 Living Draft

The Venture Handbook

Ten workflow chapters covering the practice of venture capital — strategy, sourcing, diligence, governance, portfolio services, fund management, and exits. Drawn from the Kauffman Fellows Class 20 living draft.

10 chapters

  1. Chapter 01

    Strategy Development & Raising a Fund

    How emerging managers grind through hundreds of LP meetings, build the team, and close anchors.

    #Emerging-Managers#Anchor-LPs#Pre-Marketing#GP-Commit +1
  2. Chapter 02

    Proprietary Dealflow & Dealflow Management

    Earn the inbound, route the inbound, say "no" fast and well, and get invited to oversubscribed rounds.

    #Sourcing-Engines#Founder-Friendly-Nos#Inbound-Triage#CRM-for-VCs +1
  3. Chapter 03

    Thesis, Diligence & Pushing Deals Through

    Build a point of view, run diligence sprints, and move through committee without losing the founder.

    #Investment-Thesis#Diligence-Sprints#Reference-Calls#IC-Dynamics +1
  4. Chapter 04

    Winning Deals

    Personal brand, fast trust, and valuation gymnastics — what makes the founder pick you.

    #Why-Founders-Pick-You#Personal-Brand#Term-Sheet-Timing#Lead-Investor-Leverage +1
  5. Chapter 05

    Board Participation & Governance

    Showing up, value-add vs. busywork, and knowing when to be impermanent.

    #Board-Seats#Observer-Rights#Founder-Coaching#Impermanent-Boards +1
  6. Chapter 06

    Portfolio Services & Community

    Service offers, community programs, growth acceleration, and "one-battle" frameworks.

    #Platform-Teams#Customer-Intros#One-Battle-Framework#Talent-Network +1
  7. Chapter 07

    Portfolio Tracking, Modeling & Follow-On Management

    Internal dashboards, portfolio review cadences, and follow-on decision frameworks.

    #Portfolio-Dashboards#Reserves-Modeling#Follow-on-Math#Markup-Signals +1
  8. Chapter 08

    Fund Management & Administration

    Fund admin, investment committee design, and the often-invisible non-investing roles.

    #Fund-Admin-Stack#IC-Design#Back-Office#Carry-Waterfall +1
  9. Chapter 09

    Investor Relations, Community & Reporting

    Quarterly reports, LP days, and building a community around your fund.

    #Quarterly-Letters#AGM-Playbook#Capital-Calls#LP-Days +1
  10. Chapter 10

    Exits, Auctions, Secondary, Liquidity & Distributions

    Selling early, secondaries, distributions — the M&A grind and the end of the J-curve.

    #Secondary-Sales#Tender-Offers#M-and-A-Timing#Distributions-in-Kind +1