Legal10x - Fund Formation 101 - Yoni Tuchman, Partner, DLA Piper

Yoni Tuchman is a Partner at DLA Piper representing sponsors and investors in forming, investing in and operating private funds. This episode marks the beginning of a new segment on the podcast called Legal10x where we will be talking about the legal aspects of funds & startups. ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com Yoni Tuchman on LinkedIn - https://www.linkedin.com/in/yoni-tuchman-58153b5/ Yoni Tuchman on X - https://x.com/TuchmanYoni DLA Piper website - https://www.dlapiper.com/en In this episode, we will talk about: - Key legal structures commonly used in venture capital fund formation - What is the diamond structure? - What is the difference in building a fund versus building a firm? - Things that first time fund managers get wrong & lots more Timestamps: (00:00) Introduction to the podcast and the Legal 10x segment (03:43) Guest Yoni Tuchman introduces himself (04:11) Discussion begins on key legal structures in venture capital fund formation (04:33) Explanation of fund structure - single limited partnership approach (08:16) Clarification on what GP (General Partner) means in legal context (09:33) Benefits of the diamond structure in fund formation (18:35) Discussion on why venture funds invest in Delaware C Corps (24:01) Importance of understanding potential investors when forming a fund (33:00) Difference between building a fund versus building a firm (45:00) Discussion on Limited Partnership Agreement (LPA) key elements (51:24) Common pitfalls for first-time fund managers (54:07) Closing remarks and how to find more information about Yoni Tuchman and DLA Piper For sponsorship or guest appearance requests, write to prashantchoubey3@gmail.com Subscribe to VC10X on Youtube, Spotify, Apple Podcasts.