Saved by Sarah Drinkwater
The Partnership - AVC
What are three things you as an investor wish every entrepreneur knew? Lee: Firstly, at the early stage, optimize for value add and not dilution. Secondly, be very self-critical and thoughtful about what constitutes “value add” for your start-up. And thirdly, think about where you want to be in 18 months, which is usually the amount of time funded
... See moreTarang Shah, Tarang Shah, Sheetal Shah • Venture Capitalists at Work: How VCs Identify and Build Billion-Dollar Successes
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.
Patrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
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
GP partnerships are highly time and attention constrained, making them the opposite of scalable. Most processes are run manually, and there is rarely much use of software or automation to help source, assess, or execute deals.