Community Member
Community Member
Hi everyone,
For Sprint 7, I’ve been working on how I use AI inside our actual VC workflow at NextWorld Capital Fund I, and I’d really value your feedback on the setup and where you think it could be stronger.
I built a dedicated ChatGPT Project for NextWorld Signal Fund I as an AI-assisted operating workspace for live venture work. It is connected to the Fund’s Internal Data Room and uses custom instructions covering the investment thesis, evidence standards, governance, portfolio construction, LP fundraising discipline and AI boundaries.
I also use Venture Scouting, a dedicated ChatGPT Project for reviewing founder-submitted startup information. It turns founder inputs into a structured scouting assessment covering fund fit, founders, product, traction, market, business model, risks, missing evidence, investment readiness and next steps.
A strong example was a live underwriting review of FITINION, a Pre-Seed opportunity in our pipeline. The AI did more than summarize the company. It separated Claim / Documented / Verified evidence, kept the company correctly at the Diligence stage rather than treating it as an approved investment, identified missing product and traction evidence, flagged a potential conflict around NextWorld’s pre-existing 5% position, tested ownership against the Fund’s 10–12% planning target, and connected the opportunity to the Fund’s power-law return framework.
The part I found most useful is that AI can combine company-level information with fund strategy, governance, evidence standards and portfolio economics in one review. I see AI as especially useful for evidence organization, screening, diligence-gap identification, research synthesis, portfolio modeling and decision documentation. I see it as least useful for final investment judgment, founder trust assessment, legal/compliance decisions and anything that requires human accountability.
My biggest current gap is automation. Scout is still human-operated, so founder information is entered manually and downstream actions such as CRM updates are not yet automatic.
I’d really appreciate feedback on three things:
- What part of this setup do you find most useful or impressive?
- What would you improve or automate next?
- Is there any part of this workflow where you think AI is being used too much or not enough?
Thanks, direct feedback is very welcome.
Today
Community Member
I have a few new venture partners joining the fund. How do I establish the current purchase price for their equity in the GP?
Wednesday, September 2
Community Member
What amendments do LPs most commonly request to the Cornerstone LPA, and how should an emerging GP decide which requests to accept, negotiate, or decline?
Community Member
Hi All, Reviewed the Cornerstone LPA via VC Lab/as a part of the VI assignment and wanted to check in - since the document gives a first-time GP flexibility to define the fund’s investment period and investment mandate. How did you decide which parts of your thesis needed to be written as firm investment restrictions versus left broad enough to give you judgment as the market and portfolio opportunities evolved?
Community Member
What are the real failure-mode scenarios that the LPA template may not already cover? Ie. What happens if an LP can't pay a capital call? If I want to co-invest personally in a deal? If a dispute with an LP can't be resolved directly?
Community Member
Hi everyone, I have three quick questions after reviewing the Cornerstone LPA, Compliance Policy, and Valuation Policy as part of Venture Institut:
1. For a small emerging fund, when do you recommend using normal capital calls versus allowing an LP to prefund up to 100% of its commitment?
2. If the Investment Lead also operates a venture studio that may work with companies eligible for Fund investment, what conflict disclosures or approvals should be documented before investing?
3. The LPA requires valuation at least annually, while the Valuation Policy requires quarterly valuation. Should quarterly valuation be treated as the operating standard for LP reporting?
1. For a small emerging fund, when do you recommend using normal capital calls versus allowing an LP to prefund up to 100% of its commitment?
2. If the Investment Lead also operates a venture studio that may work with companies eligible for Fund investment, what conflict disclosures or approvals should be documented before investing?
3. The LPA requires valuation at least annually, while the Valuation Policy requires quarterly valuation. Should quarterly valuation be treated as the operating standard for LP reporting?
Monday, August 31
Community Member
How can financial information or financial statements be considered sufficiently defensible or acceptable when they are simply “Certified by General Partner,” rather than requiring an independent tax, accounting, or financial professional to certify those elements of the fund? When is outside professional certification or review actually required?
Sunday, August 30
Community Member
As part of Venture Institute, I have an exercise this week to ask some questions I had after reading through the Cornerstone LPA. Let me know if you have any insights. Thank you!
- I’d like to better understand why a GP would want to create an SPV alongside the main fund and why the clause in the LPA allowing this is important.
- Legally, how locked in is an LP's money once it's invested in venture? I didn't quite understand the legal limits from the LPA.
- In terms of how carry is distributed, what are the pros and cons of the American vs European (Deal-by-Deal and Whole-of-Fund) distribution? Do certain jurisdictions mandate the use of one over the other?
Community Member
What am I allowed to offer in a side letter now? Section 8.3 limits my ability to give certain LPs preferential treatment through side letters
Community Member
What is Limited Operations Mode?
Thursday, August 27
Community Member
Does Decile have a promo code for SmartSheet?
Tuesday, August 11
Community Member
Can someone explain how the FreePV works
Tuesday, July 28
Community Member
Is there a repository of demos? Specifically looking for the May 2026 demo on MCP, but would be great to review a few others too. Thank you! ps I could not find them in decile base and would be a helpful section under user community.
Wednesday, June 3
Community Member
HI , I would like to change from an individual to my LLC company based in UAE.
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