One of the most opaque components of being a venture capitalist is fundraising. With over 1500 VC firms across the U.S (let alone the world) managing thousands of investment vehicles — it can be challenging to stand out from the crowd.
So what are patterns of successfully raising capital from LPs? As a first-time fund manager, how do I start my capital raise? As an emerging manager, what can I fix from my last raise to hit my increased fund target on this next one?
To help you navigate the process, we created this report to offer fundraising tips to first-time and emerging venture capital managers.
Advice for emerging managers to avoid common fundraising pitfalls
“The decision to start a new venture capital firm cannot be taken lightly as managing a venture firm is not dissimilar to running any other type of company — but one that requires a commitment of at least 10-15 years. GPs must be ready to endure the long cycles that exist in venture, and must have high conviction on why they want to start a firm relative to other opportunities that may be present. Once capital is taken from outside investors, the long term commitment is concrete.”