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 they

03:20 The use of SPVs in venture capital

07:11 Single use SPVs as fundraising vehicles

08:48 Fee structures of SPVs

11:57 Lifespan for SPVs

12:45 How to avoiding chicken and egg fundraising

15:55 Dealing with allocation problems

18:11 Basic legal frameworks for SPVs

21:17 How Carta can help with reporting, tracking, and other admin task with SPVs

23:50 What founders should know about SPVs

26:11 What LPs should think about when approached to invest in an SPV

28:30 How SPVs relate to direct listings and SPACs

30:22 A preview of CartaX

33:58 Overview of how Carta SPV fixes some of the biggest problems with SPVs

Now let's jump on into the Tank for today's episode with Andrew and Jeff!

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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

Tank Talks: Andrew Merrick and Jeff Leathers from Carta - How to Setup and Use SPVs

Tank Talks By Ripple Ventures

Tank Talks: Andrew Merrick and Jeff Leathers from Carta - How to Setup and Use SPVs