Venture Capital Fundamentals

This lecture covers the fundamentals of venture capital, including key concepts such as returns, equity, fund-raising, and different fee structures. It delves into the intricacies of management fees, contributed capital, and carried interest models. Examples illustrate how these concepts are applied in practice, such as calculating lifetime fees, investment capital, and fair value tests. The lecture also explores the importance of terms sheets, preferred stock types, and investor protections, shedding light on the complexities of VC investments.