Series

For Investors & Family Offices

Diligence practice for the allocator side of the table — starting with how a family office evaluates a first-time VC fund manager with no track record to check.

1 part in this series

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Part 1 of 1
How a Family Office Diligences a First-Time VC Fund: The LP-Grade Checklist for Fund I
A Fund I deck has no TVPI column to check. Here's the LP-grade checklist a family office uses to diligence a first-time VC manager: what substitutes for track record across all 6 fund dimensions, the 3 questions that separate a fundable Fund I from a pass, and why ESVCLP status belongs in the first screening pass, not the tax review.
20 Aug 2026·10 min read

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For Investors & Family Offices

How a Family Office Diligences a First-Time VC Fund: The LP-Grade Checklist for Fund I

Loading NUVC...

For Investors & Family Offices

How a Family Office Diligences a First-Time VC Fund: The LP-Grade Checklist for Fund I