Office Hours is a podcast hosted by Vela Wood venture attorneys Kevin Vela and Aaron Terwey covering general issues related to small businesses and startups. Venture Deals Review is a series of Office Hours episodes discussing the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson.

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In this episode, we review Chapter 10: “How Venture Capital Funds Work” and discuss typical management fees and carried interest structures, clawback provisions, the difference between capital calls and blind pools, and the difference between corporate VC arms and strategic investors.

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Click here to view Terms Used in This Podcast

Blind Pool

Board Observer

Capital Call

Carried Interest

Catch-Up

Clawback

Commitment Period

Corporate VC

Dry Powder

Family Office

Fiduciary Duty

Follow-On Financing

General Partner

Harvest Period

Investment Advisor

Investment Thesis

Limited Partners

Management Fee

Portfolio Company

Preferred Return

Right of First Refusal (ROFR)

Secondary Market

Strategic Investor

Tranche

Find definitions and explanations of terms used in this podcast on our site
VentureGlossary.com

Posted in Podcasts, Venture Deals Review

Vela Wood is a boutique corporate law firm with a local feel and a global impact. We focus our practice in the areas of M&A, Private Equity, Fund Representation, and Venture Transactions.