How to Raise Your First Fund

Keys:

Leverage your reputation and network to show early investors that you know enough people in the industry and have access to strong, proprietary deal flow.

Show any traction including previous investments or high-quality deals you scouted or helped investors close. Track key metrics and convert them into pitch decks.

Anchor your commitment to raising your first fund with a clear personal motivation. Why you want to raise a fund will help explain why you are the right person to raise a fund.

Surround yourself with great people building great things. The best teams bring together partners that may have very different backgrounds but aligned values.

Over the past decade, early-stage deal count and value has more than doubled. According to Crunchbase, the number of “Nano” and “Micro” VC funds have grown rapidly in the last 3–5 years, with 295 venture funds of $100M or less reported in 2018.

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Micro-vc investing

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Matt Blomstedt

Raise Your First Fund, a How to With SpringTime Ventures’ Matt Blomstedt

How to Raise your first fund With SpringTime Ventures. A fiifi blog series part 3 of 4

1. Tap into your 1st, 2nd, and 3rd degree network to cast a wide net when looking for potential investors

2. Set deadlines and create a sense of urgency to quickly build momentum and get LP commitments.

3. Communication is key when fundraising and managing your fund. Even if a lead goes cold