A friend of the pod jason lemkin, had this really interesting thread on twitter earlier this week. He was analyzing his first solo v c fund and sharing some lessons. And one of the things he talked about was almost exactly how to use your reserves. If you have a 60 million dollar fund, you can say, the first ten % of the money i get back from investments, i can recycle. That last 20 million that you put in is going to be as close to the sure bet as possible.

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