Legal10x - Fund Formation 101 - Yoni Tuchman, Partner, DLA Piper

Yoni Tuchman is a Partner at DLA Piper representing sponsors and investors in forming, investing in and operating private funds. This episode marks the beginning of a new segment on the podcast called Legal10x where we will be talking about the legal aspects of funds & startups.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

Yoni Tuchman on LinkedIn - https://www.linkedin.com/in/yoni-tuchman-58153b5/

Yoni Tuchman on X - https://x.com/TuchmanYoni

DLA Piper website - https://www.dlapiper.com/en

In this episode, we will talk about:

- Key legal structures commonly used in venture capital fund formation

- What is the diamond structure?

- What is the difference in building a fund versus building a firm?

- Things that first time fund managers get wrong

& lots more

Timestamps:

(00:00) Introduction to the podcast and the Legal 10x segment

(03:43) Guest Yoni Tuchman introduces himself

(04:11) Discussion begins on key legal structures in venture capital fund formation

(04:33) Explanation of fund structure - single limited partnership approach

(08:16) Clarification on what GP (General Partner) means in legal context

(09:33) Benefits of the diamond structure in fund formation

(18:35) Discussion on why venture funds invest in Delaware C Corps

(24:01) Importance of understanding potential investors when forming a fund

(33:00) Difference between building a fund versus building a firm

(45:00) Discussion on Limited Partnership Agreement (LPA) key elements

(51:24) Common pitfalls for first-time fund managers

(54:07) Closing remarks and how to find more information about Yoni Tuchman and DLA Piper

For sponsorship or guest appearance requests, write to prashantchoubey3@gmail.com

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