THE PROGRAMME CURRICULUM
MASTER
SCIENCE
THE
OF BUILDING A TOP-DECILE VC FUND FROM INDIA’S TOP 1% INVESTORS
WEEK 1 / 4 03 14th Jan 2023 SATURDAY 12:30 PM - 2:00 PM IST MASTERCLASS Zooming In: The A To Z Of VC Funds 90 mins SATURDAY 1. Basics of AIFs – Different Types Of AIFs: Category I, II, III – What's The Difference? 2. Regulations Governing Different AIFs & Regulatory Bodies Involved 3. Lifecycle Of A VC Fund And How It Affects The Timing Of Investments 4. Economics Of Running A Fund 5. Basic Terminologies – Management Fee, Carry, IRR, TVPI, DPI, Etc 6. Types Of Financing Structures To Invest In Startups – Debt, Equity, Convertible Securities, SAFE, Etc 7. An Overview of The Types of Fund Structures & Their Advantages – Rolling Funds, SPV, Angel Funds, SPACs, etc 11:00 AM - 11:15 AM IST OPENING SESSION Welcome Address by Inc42 15 mins SATURDAY 1. What Is CapitalX? 2. Why Inc42 Launched It? 3. Preview Of Type Of People In The Programme 4. Programme Overiew 5. What You'll Achieve Through CapitalX Programme? 6. How To Make The Most Of The CapitalX Programme? 11:15 AM - 12:15 PM IST FIRESIDE CHAT The State Of VC Investments In India 1 hour SATURDAY 1. The History Of VC Industry In India 2. How The Indian Startup Ecosystem & VC Industry Changed From 2000s To Now 3. Why Are Investors Bullish About Indian Startups 4. Opportunities For New VCs & How To Get Started? (Example - Start As A Micro VC, Then Graduate To Next Level) 5. What Differentiates Top 10% VCs From The Rest 6. How To Make The Most Of The VC Opportunity In India In The Next Decade
WEEK 1 / 4 04 15th Jan 2023 SUNDAY 1:00 PM - 2:15 PM IST How India's Top VCs Go About Portfolio Construction & Building VC Fund Thesis 75 mins Sunday PANEL DISCUSSION 1. Mistakes Made By New Fund Managers In Selecting The Right Industry & Sectors. Example – Focus On Sunrise Sectors vs Mature Sectors 2. How Should GPs Decide The Fund Size – Being Over Ambitious vs Not Ambitious Enough 3. How To Decide Follow-On Reserves? Pros & Cons of Going In With A Big First Cheque vs Multiple Follow-Ons. 4. How To Come Up With Targeted Ownership Stake In Portfolio Investments & How To Retain Them In Follow-On Rounds 5. Pitfalls In Mapping Exit Stragies – Do You Need A Unicorn/Decacorn Or A Soonicorn Is Good Enough? 6. How To Evolve Your Investment Strategy Based On Market Conditions? 11:00 AM - 12:30 PM IST MASTERCLASS Portfolio Construction & Building VC Investment Thesis 90 mins SUNDAY 1. Key Parameters in Portfolio Construction – Industry, Stage, Geography, Size Of The Fund, Fund Level Expenses, Proposed Total Company Investments, etc 2. Deep-Dive Into Different Models of Portfolio Construction – Monte Carlo Simulation With Pros & Cons 3. Spray & Pray vs Targeted Investment strategies 4. Common Issues & Mistakes While Forming Your Investment Thesis 5. Models of Capital Allocation Strategy & How It Impacts Exits 6. How To Map Out Exit Strategies & Mistakes To Avoid 7. How To Evolve Your Investment Strategy Based On Market Conditions 2:30 PM - 3:15 PM IST Networking Session 45 mins Sunday
WEEK 2 / 4 05 21st Jan 2023 SATURDAY 1:00 PM - 2:30 PM IST How To Raise A VC Fund — From LP Point Of View 90 mins Saturday PANEL DISCUSSION 1. What Do LPs Look For In A Fund & Fund Manager? 2. The Top Critical Areas That Makes The Biggest Impact On An LP's Decision To Invest. 3. Dos And Don’ts Of Initial Pitch Meeting 4. How Do LPs Look At First-time GPs Vs Serial GPs & What Can First-Time Fund Managers Do To Increase Their Success With LPs 5. Does Diversity Of LPs Matter? Pros & Cons Of Having Different Type Of LPsEntrepreneurs, Family Offices, CVC (Corporate Venture Capital), HNIs & UHNIs, Endowment Funds, Pension Funds, PE Funds, Etc 11:00 AM - 12:30 PM IST
Raise A VC
— From GP Point Of View 90 mins SATURDAY 1. Identifying Different Types Of Investors (The LP Universe) – Family Offices, HNIs, UHNIs, Institutional Investors, Etc. 2. Finding The Lead LP – How To Identify, Find And Reach The Right LP 3. Strategies To Pitch To LPs 4. Importance Of Pitch Deck & How To Stand Out In Front Of LPs 5. Do's And Don’ts While Building Relationships With LPs 6. Navigating The Negotiations & Power Dynamics With LPs 7. Tools To Use In Tracking & Managing Your Investors PANEL DISCUSSION
How To
Fund
WEEK 2 / 4 06 22nd Jan 2023 SUNDAY 1:00 PM - 2:30 PM IST The Ebbs & Flows Of Capital Markets – Market Behaviour In Bull & Bear Seasons' 90 mins Sunday 1. How Indian Startup Ecosystem & VC Industry Changed From 2000s To Now 2. Why Are Investors Bullish About Indian Startups 3. The Ebbs & Flows Of Capital Markets – Market Behaviour In Bull & Bear Seasons 4. Where is the Alpha today? 5. How To Build An Enduring Fund – What Differentiates Top 10% VCs From The Rest 6. Thinking Long-Term – How To Make The Most Of India’s VC Opportunity In The Next Decade FIRESIDE CHAT 11:00 AM - 12:30 PM IST How To Structure A VC Fund –From The Legal Point Of View 90 mins SUNDAY 1. Deep-Dive Into Fund Documentation • Basic Corporate Structure And Legal Formalities • Capital Contributions, Membership (Or Partnership) Interests, Capital Accounts • Governance Structures 2. Differences Between CAT I, II, III Documentation 3. Structuring Profits, Losses And Distributions 4. Tax And Regulatory Allocations Like Loss Allocation Limitations, Adjusted Capital Account Deficits, Minimum Gain Chargebacks, Etc 5. Understanding Compliance And Challenges 6. Redemptions Of LP Interests, Indemnification & Dissolution Of The Fund 7. Actions Requiring Consent From LPs MASTERCLASS
WEEK 3 / 4 07 27th Jan 2023 FRIDAY 4:00 PM - 5:30 PM IST
Strong Governance Practices In VC Funds 90 mins FRIDAY 1. Why governance matters? 2. Downside of bad governance 3. Is there an ideal governance structure? 4. Difference in governance standards at a VC Fund vs portfolio companies 5. Common Governance challenges in VC Funds & how to resolve them 6. Governance challenges of startups & how to resolve them MASTERCLASS
Building
WEEK 3 / 4 08 28th Jan 2023 SATURDAY 1:00 PM - 2:30 PM IST Accounting Structures & Fund Reporting Processes To LPs 90 mins Saturday 1. Understanding The Different Fiscal Matters Like Bookkeeping, Maintaining The Fund’s Bank Account, Governance Standards, Etc 2. Fund Management – What If A GP Resigns, Legal Powers And Duties Of GPs, Etc 3. Best Practices Frequency Of Communication With LPs & Relationship Management 4. Performance Metrics Critical For LPs 5. Breaking Down Different Types Of Documentation For Fund Reporting: • Common Fund Overview For All LPs • LP Specific Reporting On A Per LP Basis • Industry Comparison Benchmarks MASTERCLASS 11:00 AM - 12:30 PM IST Building A Dream Team For Your VC Fund: Structures & Skills Required 90 mins SATURDAY 1. Critical Skills For VC Firms To Stand Out – Building Proprietory Deal Sourcing & Selection Mechanism, Providing Post-Investment Support Services, Etc 2. Skills Required To Build Exit Strategies For Portfolio Startups 3. Building A Strong Team & Skills Required – Principals, Analysts, Admin, IT, PR, Etc 4. Challenges Of GP In Managing Their Time & Resources – How To Juggle Numerous Activities Like Filtering Deals, Meeting Founders, Due Diligence, Negotiations, Board Member Duties, Coaching & Mentoring, Etc FIRESIDE CHAT
WEEK 3 / 4 09 29th Jan 2023 SUNDAY 1:00 PM - 2:30 PM IST How To Nurture Startups into Successful Brands 90 mins Sunday FIRESIDE CHAT 1. How To Support Startups Post Investment: • Coaching The Founder & CXOs • Help Them Find The Best Talent • Connections Through Your Network For Customers/Partners • Maintaining Good Governance • Actively Perform Board Member Duties • Planning Exit Opportunities, Etc 11:00 AM - 12:30 PM IST How To Find Evaluate Invest In Startups 90 mins SUNDAY 1. Building Your Proprietory Deal Flow – Strategies & Processes 2. Building A Comprehensive Due Diligence Mechanism 3. Deal Negotiation Strategies – What Goes Into Making An Investment 4. How To Structure Your Investments 5. How To Identify Founder Potential 6. Pitfalls To Avoid Across The Whole Process PANEL DISCUSSION 2:45 PM - 3:30 PM IST Networking Session 45 mins Sunday
WEEK 4 / 4 10 4th Feb 2023 SATURDAY 12:15 PM - 1:15 PM IST How To Pitch To SIDBI Fund of Funds 1 hour Saturday 1. What Is SIDBI Venture Capital Ltd. (SVLC) Scheme? 2. SIDBI Fund of Funds & How It Works 3. Special Incentives For SIDBI Backed VC Funds 4. Pros & Cons Of Raising Capital From SIDBI 5. Reporting Mechanism To SIDBI 6. Managing Relationship With SIDBI MASTERCLASS 1:30 PM - 2:30 PM IST Building A Transparent Relationship With SEBI 1 hour Saturday 1. Role Of SEBI In Regulating AIFs 2. Rules, Regulations & Compliance Requirements for Category I, II AIFs 3. Reporting Mechanism To SEBI 4. How To Stay In The Good Books Of SEBI – Dos & Don'ts MASTERCLASS 11:00 AM - 12:00 PM IST How To Build A Killer Pitch Deck For Your VC Fund 1 hour SATURDAY 1. What Is SIDBI Venture Capital Ltd. (SVLC) Scheme? 2. The Structure & Length Of Pitch Deck 3. Critical Elements To Include In Pitch Deck 4. How To Add Differentiating Elements To Your Pitch Deck 5. What NOT To Include In Pitch Deck 6. How To Use Pitch Deck During Your Pitch To LPs MASTERCLASS
WEEK 4 / 4 11 5th Feb 2023 SUNDAY 11:00 AM - 1:00 PM IST Pitch LIVE to India's Top LPs 2 hours SUNDAY Pitch Your Fund Thesis To India's Top LPs & Get Real-Time Feedback. Anything Beyond Depends On How Impressive You Are. DEMO DAY
