20VC: The Memo: How to Raise a Venture Capital Fund (Part I) | The Core Lessons from Raising $400M Over The Last Four Years| The Biggest Mistakes VCs Make When Fundraising | How To Find and Build Relationships with New LPs
This podcast episode focuses on pivotal aspects of successful fundraising for venture capital funds, emphasizing the significance of determining the minimum viable fund size based on portfolio construction and expected investment check sizes, ensuring a skilled team with an established track record, and aligning fund size and strategy with targeted types of investors. The importance of diversifying the LP base, mitigating team risk, and carefully managing LP terms is highlighted. Strategies for building momentum and credibility in fundraising, such as engaging with "friendlies" and acquiring new LPs through referrals and networking, are discussed. The episode also delves into methodologies for finding and establishing relationships with LPs, emphasizing proactive outreach and consistent engagement.
