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  "documentTitle": "Weekend Fund 3.0 for public",
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      "text": "What are the management fees and carry structure? The fund is a standard 2 and 20 model. We accept 20% carry and 2% management fees over the life of the fund (10 years). Fees are front-loaded at 3% in each of the first three years, 2% in each of the following 4 years, and 1% in the last three years.",
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      "text": "What’s your minimum check size for LPs? Our minimum check size for new LPs is $50K and $25K for existing LPs (pending SEC LP caps). We set a low minimum compared to most funds so that we can partner with many amazing founders, operators, and connectors. We see this as a competitive advantage long term.",
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      "text": "How often do you send LP updates? We send LP updates every two months and take them seriously. We shared more details of our process and how we communicate with LPs here.",
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      "text": "Do you do capital calls? LPs investing less than $100K should wire funds upfront. LPs investing more than $100K should wire 50% upfront and the remaining 50% approximately 12 months after the fund’s close.",
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