Venture capital management software is a phrase with three referents, and a venture firm searching for it usually means one without saying which. Managing the fund is the capital: commitments, calls, distributions and the figures reported on them. Managing the firm is the management company: its own books, people and adviser compliance. Managing the investors is the relationship: who they are, who owns them, what they asked and what they were told. This page takes the three apart, says which are records and which are workflows, and places this site's product in the one it belongs to, with figures worked on its own worksheets.
Managing the fund's capital: a record that computes
The fund's capital is a commitment per investor and a history of calls and distributions against it. Managing it means each call is computed from the commitment, each investor's uncalled balance is a query, and the quarter's figures come out of the entries. On the worked example a fund with ten million dollars committed and six and a half million paid in has three and a half million uncalled and reports sixty-five percent paid in, and with its distributions and residual value a TVPI of one point eight five times. This is a record, and it is what Rapportvo keeps.
Managing the firm: a business with a compliance calendar
The management company employs the team, bills the fund its fee and files as an investment adviser. Managing it is accounting, payroll and the adviser's filing calendar, and it runs on the software any professional firm runs plus a compliance product for the filings. It is not venture capital management software in the sense a fund means, and the one figure that crosses from it to the fund's record is the management fee, once a quarter.
Managing the investors: the relationship, kept beside the capital
The investors are people and institutions with a commitment each, an owner at the fund, an eligibility counsel confirmed, and a history of what they asked and were sent. Managing them is keeping that beside the capital record rather than in a separate contact list, so that the answer to what an investor was told is the document on their row and the answer to what they owe is the balance on the same row. A relationship CRM holds the first half; a capital record holds the second; the investor record holds both.
Which of the three a small fund buys first
The capital and the investors, because they are the same record and the one investors see. The firm's back office can run on an accountant for a year; the fund's first capital call cannot. Venture capital management software for a first fund is therefore the investor record, and this site's worksheets compute its figures free so the record can be judged before it is paid for. The firm's software and the deal pipeline follow with the second fund and the first hire.
Questions people ask about venture capital management software
Is venture capital management software the same as a deal CRM?
No. The deal CRM manages the pipeline of companies, which is the firm's investing rather than the fund's capital. It is described and ranked on this site's CRM pages.
Does managing the fund include its valuation?
The valuation of the holdings produces the residual value the record reports. It is the portfolio job, done under the fund's valuation policy and later formalised by an administrator; the record takes the figure as an input.
What does Rapportvo not manage?
The firm's books, the deal pipeline, the portfolio companies and the NAV. It manages the investors and the fund's capital as one record, and says so on every page.