Show notes
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 they03:20 The use of SPVs in venture capital07:11 Single use SPVs as fundraising vehicles08:48 Fee structures of SPVs11:57 Lifespan for SPVs12:45 How to avoiding chicken and egg fundraising15:55 Dealing with allocation problems18:11 Basic legal frameworks for SPVs21:17 How Carta can help with reporting, tracking, and other admin task with SPVs23:50 What founders should know about SPVs26:11 What LPs should think about when approached to invest in an SPV28:30 How SPVs relate to direct listings and SPACs30:22 A preview of CartaX33:58 Overview of how Carta SPV fixes some of the biggest problems with SPVsNow let's jump on into the Tank for today's episode with Andrew and Jeff!Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agent Bee Agency. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
