On today’s Tank Talk! We welcome our two guests from Carta, Andrew Merrick and Jeff Leathers to discuss, “How to Start and Use SPVs”
Guest backgrounds:
Andrew Merrick - Operations Manager at Carta focused on SPV Administration. Andrew brings over 6+ years in fund administration in Venture Capital & Hedge Funds & 4 years of banking experience.
Jeff Leathers - Product Manager at Carta for the last 2 years. Previously Product Strategy at Plaid & Bloomberg and an MBA from Wharton.
In this episode we discuss:
01:37 Why create an SPV and what are they
03:20 The use of SPVs in venture capital
07:11 Single use SPVs as fundraising vehicles
08:48 Fee structures of SPVs
11:57 Lifespan for SPVs
12:45 How to avoiding chicken and egg fundraising
15:55 Dealing with allocation problems
18:11 Basic legal frameworks for SPVs
21:17 How Carta can help with reporting, tracking, and other admin task with SPVs
23:50 What founders should know about SPVs
26:11 What LPs should think about when approached to invest in an SPV
28:30 How SPVs relate to direct listings and SPACs
30:22 A preview of CartaX
33:58 Overview of how Carta SPV fixes some of the biggest problems with SPVs
Now let's jump on into the Tank for today's episode with Andrew and Jeff!
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Tank Talks: Andrew Merrick and Jeff Leathers from Carta - How to Setup and Use SPVs