How to Raise a Venture Fund | Rodney Appiah (Cornerstone VC)
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How to Fundraise for an Institutional LP
It very much depends on the type of LP. An institutional LP will typically write a track of northern three million, probably north of five million. So it is worth the engagement, but it's a long engagement. With us, probably three to four meetings, really fact finding and getting to know you. The next couple of meetings starting to do light DD, and the final few meetings very much about it's okay, let's get into the proper detail. But there's also this kind of whispered thought that sometimes we're not hearing from founders after X amount of conversations. And so it's interesting to hear that there has been like a somewhat analogous trend in conversations as well.
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