When you're running a fund, which is the single most important metric that you track?
I have heard from a few that TVPI shows real value, while some swear by DPI.
All the investors (VCs, angels, family offices, etc) here - how are you folks managing your private portfolio?
Getting MIS, dealflow CRM, fund ops, LP management, etc., - any tool or a bunch of tools stitched together?
Any major pain points you are seeing?
Spoke to a bunch last week and dealflow management (the whole process of sifting through decks, multi-team members managing the flow) and MIS reports (not getting them on time or in any standard format) were the 2 major ones I sensed.
Was speaking to a guy at a VC event hosted by All In Capital yesterday, and he mentioned how he is building his next startup by looking at YC's list from the last 2 years and then applying to the next YC cohort.
The ideas in this list are solid.
But has anyone here actually taken them up on their requests (they have been publishing these since 2009 if I'm not wrong) and got in?
ESOP Taxes - need to understand the big pain point everyone is seeing.
We built a free tax calculator to help everyone who has ESOP calculate the taxes around their ESOP when they exercise them.
Apart from computing the taxes based on your tax slab and regime, fair market value, and exercise price, any other inputs that you wish could be used while computing ESOP taxes?
Goal: Everyone with ESOP should know how much tax they will eventually pay and this number needs to be as close to actuals as possible.
All the investors (VCs, angels, family offices, etc) here - how are you folks managing your private portfolio?
Getting MIS, dealflow CRM, fund ops, LP management, etc., - any tool or a bunch of tools stitched together?
Any major pain points you are seeing?
Spoke to a bunch last week and dealflow management (the whole process of sifting through decks, multi-team members managing the flow) and MIS reports (not getting them on time or in any standard format) were the 2 major ones I sensed.
Had about ₹14L worth of vested options when I resigned at a previous company. Strike price was ₹10, FMV was around ₹400 (approx) at the time.
The HR mentioned I had 90 days to exercise during my exit interview. What they didn't mention and what I found out on my own at two weeks later was that exercising meant paying perquisite tax on the difference between FMV and strike price.
And all that was to be paid upfront from my pocket.
That was roughly ₹4.1L out of pocket to just own shares.
And these ESOPs were sold to me as if they were some big reward which we were supposed to work hard for.
The company had never done a buyback or plans to go public.
I let them lapse.
The company did end up a Series B a year later at nearly double the valuation and also did some buyback for ESOP holders.
I'm not saying this to be dramatic about it. I'm saying this because nowhere in the offer letter, nowhere in the ESOP grant document, nowhere in HR's explanation did anyone tell me the actual cash math of exercising and that the company may do a buyback during the next fundraise.
It's almost as though they were hoping that I didn't exercise the stock options.
Is this an isolated case or do a lot of startups do this to their employees?
