{ "media_type": "text", "post_content": "Thinking about opening a VC + growth capital fund.\nCan raise $50MM fairly easy, any senior person here in a VC or growth capital open to chatting?", "post_id": "616b37a4530e6a003af67d5c", "reply_count": 40, "vote_count": 8, "bowl_id": "5b7c3919448e9300186d3deb", "bowl_name": "Private Equity and the Buy Side" }

Thinking about opening a VC + growth capital fund. Can raise $50MM fairly easy, any senior person here in a VC or growth capital open to chatting?

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Awesome stuff! Wish you the best of luck, it can be an incredibly rewarding career! Just some points for you to consider from someone in the industry. Investors - you want as small number of LPs as possible. Ie for $50M you’d want probably 2-3 to make up at least 80+% of your fund, the rest can be HNW/ friends and family. Main reason is for reporting , structuring, capital calls etc. More lps = more complexity and admin work and less time finding / closing deals. Deal flow - getting money is easy to an open extent. Getting access to high quality deals is hard, really hard. Winning a spot on the cap table of those companies is even harder. Think long and hard about your value add is for companies and how that differs from sequoia or insert name here venture partners - and how you’re going to build passive deal flow.

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I worked for an emerging software investment firm. Our strategy was sound and one I would consider replicating until you can get allocation in primary rounds. We would purchase secondaries off founders then participate in primary rounds. Now they’re doing primary rounds for Growth stage

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Tbh I will try to spin up some SPVs for this

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Market is super hot now; you think come liquidation time (5-7 years from now) you can sell for 4-5x higher? Wishing you the best 💪

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I have time this is not something I have to do tomorrow So if you are legit interested we can always connect

There are soo many firms and cash. What’s your value prop? Quality Deal Sourcing / pipeline is the biggest issue - not discouraging you but curious how you gonna stand out

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Idea is to invest in by priority: (1) African immigrants (not too many though) (2) Ideas that can also work in some developing countries (3) Immigrants Added value is bringing in operation expertise. Not necessarily for me, but rather bringing a couple very strong people to help run it +Help expand in EU and/or Africa when/if they get to that point

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What level are you at McK now? Just wondering how you can “raise 50MM fairly easy” without actually having been an investor.

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Check out necessary ventures.

What will be your industry of focus? If biotech, we should talk. I have a statistically sound investment plan that I was planning to pursue after business school

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I worked at an early stage VC fund for 2 yrs (involved right from setting up the fund) and have 15 yrs of prior Software and Product experience. Decent network with Chicago area VCs and Startups. Happy to explore working together

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Hey OP, My long term goal is to start my own fund too, if you plan on starting your fund in the next year or so, please stay in touch. I’d like to learn about your journey and even join you 😄

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Sourcing deals is pretty tough for emerging funds. Any strategies?

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Let’s partner up

Need an Portco Ops lead? Definitely would be interested 2-3 years down the road to launch a VC.

Happy to chat. I work for a late stage VC/growth fund.

I am a second time founder (exited the last biz earlier in the year). Raising a pre-seed round atm. Looking to invest in the health saas space?

Op, Happy to partner on Product and Software deals .

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