The Constitution for Your New Fund: Strategy, Culture, Decision-Making, Budget, and Data
David Teten VC
FEBRUARY 17, 2025
(Thanks to my coauthor Dolph M. Hellman, Esq., Partner, Orrick, Herrington & Sutcliffe LLP; Chair, Orricks Private Investment Funds Group.) If you are launching your own investment management firm, we recommend designing a constitution: a set of documents covering the firms goals, legal obligations, and principles for handling disagreement. At Coolwater Capital , the Y Combinator for VC funds, we assess this as part of our diligence process.
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