Saved by Sarah Drinkwater
The Partnership - AVC
One answer is what we might call a work-to-play model, in contrast with the traditional concept of ‘pay-to-play’. Instead of valuing LPs who can give the most money—an easy commodity for many founders in an overcapitalized environment—syndicates could work to value those who can actually contribute ideas, expertise, and work to support the companie... See more
David Phelps • Collectivizing Finance
Fund Structure
Traditional Fund
Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.
That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.
Ro
... See moreWeekend Fund • VC terms you need to know
1. Overview: bullet points to describe the fund strategy and high signal LPs involved
Brianne Kimmel • Page Not Found | Framer
The second-best scenario is a serial entrepreneur CEO planning to build out a new team. Third best is a team that did amazing things, but perhaps due to macro market conditions did not achieve a high return for investors.