Category Archives: LP Series

First-time fund managers are often comprised of active angel investors and/or successful entrepreneurs who contend that they will be able to expertly guide portfolio CEOs to maximizing on their opportunity.

The surge of new venture capital in recent years is highly encouraging. Many established venture teams are launching new funds faster and with greater frequency. Five years ago, it might have taken a venture  team over a year to raise a fund.

As a fund of funds investor, we place significant importance on being able to meaningfully engage with the fund manager. Ideally, this means making a commitment adequate to occupy a seat at the Limited Partner Advisory Committee (LPAC) where possible. 

The GP/LP relationship is highly compelling and we felt, very worthy of discussion in the context of this article series. For both GPs and LPs, there is a lot of money, and just as notably time, at stake.

We get many pitch decks sent via email pitching the raise of venture capital funds. Most of them display impressive stats to entice the reader to lean in.

As we consider our next potential venture fund investment one aspect of due diligence that we particularly enjoy is a study of the portfolios of a team’s current and past funds.

Venture capitalists are by their nature, builders and usually a mix of former entrepreneurs and transactional professionals who are optimistic about the future and ravenous for learning.