Tank Talks: Andrew Merrick and Jeff Leathers from Carta - How to Setup and Use SPVs

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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Podcast production support provided by Agent Bee Agency.

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