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

I got into the nitty gritty of fundraising with Matt Blomstedt of SpringTime Ventures to counsel first-time and emerging fund managers.

Matt came into the venture world following 10 years in the energy sector managing over $1.4B in mergers and acquisitions.

After moving to Colorado in 2015 and getting immersed in the tech startup scene, he got to know several entrepreneurs, investors, and accelerators in the region.

Matt quickly identified a lack of seed capital in the area and decided to connect energy executives, private equity investors, bankers, and lawyers to early stage tech investing. In 2016, Matt founded SpringTime Ventures with his three partners — Rick Patch, Jeff Gardner, and Rich Maloy.

SpringTime Ventures has grown to seed passionate tech startup founders solving big problems in the Rocky Mountain region and beyond. Go to the full article on Medium to learn more about Matt and how he got to ‘yes’ with his first close.

This is an article in a continuation to the series, “How to Raise Your First Fund”. More on this can be found in the articles linked on the right.

More on emerging manager How To’s

building your network

identifying your secret sauce

developing your thesis

modeling your fund

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About fiifi

For several years I was frustrated that I couldn’t find a portfolio management tool to serve my needs as an investor. I started asking my colleagues if they had the same problems as I did regarding deal flow, system of record, and data aggregation with early stage investments.

I began with user interviews to refine my hypotheses about what investors want and need in portfolio analysis. After this validation, I started building and testing against those same people who would be my customers. Step by step, this became fiifi.

How to solo capitalists, nano and micro fund managers. Auto calculate fund distribution and calls

How to: Add LP Allocations to fiifi

Add LP allocations from your fund dashboard.

From the GP Workspace to to the Fund menu item on the left.

Select “add” to the right of LP details.

Simply add their name, capital commitment, and amount contributed to date and fiifi automatically does the calculations for you, redistributing capital across the fund.

This is ideal for fund modeling in addition to building your fund.

Emerging Manager Spotlight: Mac Conwell of RareBreed Ventures

Talking secret clearance, Twitter, and diamonds in the rough. His ability to recognize that amazing company at its earliest moment is a skill set Mac has been honing for years. Not only can he unearth these uncut gems, but Mac is also able to polish and shape early-stage startups with his background as a founder and VC.

January 15, 2021