Masterclass

Practice Drills: Structuring a Micro VC Fund's Investment Thesis

A hands-on drill course for family office investors, syndicate leads and emerging fund managers, and institutional allocators who back first-time funds. Working on one sample INR 150 crore Category I venture capital fund, you will turn a sector hunch into a written investment thesis that an LP can test: size the fundable pipeline bottom-up, define the wedge and prove the why-now with Indian data, build the portfolio construction model from fund size to cheque size to reserves, run the power-law math that shows what the best outcome must return, write the investment criteria and decision rules, score sample deals against the thesis, and finish with a two-page thesis memo stress-tested against the objections Indian LPs actually raise.

Venture Capital Investment ThesisCategory I AIF Venture Capital FundsPortfolio ConstructionPower Law Return MathLP Due Diligence
MODULES
5
DURATION
~3.3 hrs
TRACK
Alternative Investing

What You'll Master

How to separate a real investment thesis from a sector slogan, using the questions an LP's investment committee asks
How to size a fundable deal pipeline bottom-up instead of quoting a top-down market size
How to define a defensible wedge of sector, stage and geography, and back the why-now with verifiable Indian data
How to build a portfolio construction model: investable capital after fees, initial cheque count, ownership targets and follow-on reserves
How to run the power-law math that shows what the fund's best outcomes must return for the fund to deliver 3x net
How to write investment criteria, score live deals against them, and turn the whole thesis into a two-page LP memo
Access Level
PRO
Everything included
Full Text Playbooks
Actionable Exercises
Mobile Reading Mode
Lifetime Updates

Curriculum Breakdown

Chapter 1: Setting Up the Drill

2 Lessons
โ–ถ
The Drill Brief: What a Micro VC Thesis Must Prove Before an LP Commits13 min read
Preview
๐Ÿ”’
Drill: Separating a Thesis From a Sector Slogan14 min read

Chapter 2: Market, Wedge and Why Now

3 Lessons
๐Ÿ”’
Sizing the Fundable Pipeline Bottom-Up, Not the Market Top-Down16 min read
๐Ÿ”’
Defining the Wedge: Sector, Stage, Geography and a Provable Edge15 min read
๐Ÿ”’
Drill: Stress-Testing the Why-Now Against Indian Market Data15 min read

Chapter 3: Portfolio Construction Math

3 Lessons
๐Ÿ”’
From Fund Size to Investable Capital: Fees, Expenses and Recycling15 min read
๐Ÿ”’
Cheque Size, Ownership Targets and Follow-On Reserves16 min read
๐Ÿ”’
Drill: Power-Law Math for a 3x Net Fund17 min read

Chapter 4: Sourcing Edge and Decision Rules

3 Lessons
๐Ÿ”’
Proving Sourcing Access With a Deal Funnel, Not a Claim14 min read
๐Ÿ”’
Writing Investment Criteria and Anti-Portfolio Rules14 min read
๐Ÿ”’
Drill: Scoring Five Sample Deals Against the Thesis17 min read

Chapter 5: Putting the Thesis in Front of LPs

2 Lessons
๐Ÿ”’
What Each Indian LP Type Tests in a Thesis14 min read
๐Ÿ”’
Capstone Drill: Writing and Defending a Two-Page Thesis Memo20 min read