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GP/LP Fit

Feld Thoughts

The idea of product/market fit has been around for a long time. 9 Questions That Help Get You To GP/LP Fit. In it, Beezer goes through, in depth, the top questions she recommends you ask an LP to determine GP/LP fit. While an LP takes a lot of meetings, they don’t do a lot of investments.

LP 87
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How’s Venture Capital Changing in 2023

VC Cafe

By contrast, they backed 620 funds in the last three months of 2021 First time fund managers hit hard: In 2022, limited partners backed 141 funds run by first-time managers, a 59% decline from the prior year and the lowest number since 2013 How does the constrained LP environment manifest for funds and startups? Support emerging managers.

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Observations from my trip to India

Version One Ventures

Version One has made only one investment in the region ( Headout , a fast growing marketplace for travel experiences) and I had written a small LP cheque into an emerging fund manager ( 1947 Rise , run by the awesome Shiva Sangwan ). I had only a few connections in India before this trip.

India 88
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If You Don’t Respect Your Customers You Won’t Be Successful

Both Sides of the Table

We were talking about raising money from LPs. He was lamenting how much he hated LP meetings and how little he wanted to interact with LPs going forward. As an insider I can tell you that a large portion of VCs don’t like interacting with LPs – they view it as a “necessary evil” of the business.

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Kara Nortman Was Just Promoted to Co-Managing Partner at Upfront Ventures. Here’s What it All Means

Both Sides of the Table

I called an (ex) LP to tell him about her and my goals for her. Marketing, recruiting, building data products & tools, event management, analyzing the portfolio, etc. She has an amazing ethical compass with heart, compassion and drive. She’s empathetic and brings great humor to her work as well. And all the platform stuff.

Partner 361
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What Mistakes Do VCs Make When Fundraising?

Both Sides of the Table

I counsel first-time VCs (as well as founders) to have mid-funnel strategies to get from first LP meeting to close and to put a disproportionate amount of time into this area (I say more about this on the podcast starting at timecode 27:41). If you do everything that every other firm does, in the same ways, why should they buy you?

LP 375
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Announcing NextView IV

View from Seed

What hasn’t changed is that our heart lies in working with founders to find product/market fit and to begin to grow. Thirteen of these 15 companies were seeded pre-revenue, and many were at concept stage or had rudimentary early products. Because of this, we are always grateful to all of our LPs for their trust.

LP 411